Purchase price: $472,500 It is currently operating as a short-term rental.

Yes you can buy properties extremely cheap there but the flipside is that once yoI've rehabbed them, recouping your rehab and purchase money will prove difficult because of the low property values .  

I see for Fannie Mae, investment properties, people can do as low as 15%.I'm wondering if rates are significantly different for 25% vs 20%.

You will be able to convert your current debt to a 30 year perm debt loan and cashflow on a long-term basis. 

@Nicolette YorkRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Purchased for: $173,000Currently owe: $120,000Estimated current value: $200-210,000Rents:  $2,560

I’m currently reading Brandon’s book on creative financing and am interested in exploring the possibility of obtaining a home equity loan.

Mortgage 15/1 arm at $3.375% with max 4% interest increase due 15 years from July 2015 (Aug 1, 2030).Current condo monthly maintenance fee : $1036 includes water, amenities (pool, tennis court, concierge, gym, sauna, community room with pool and ping pong, maintenance)Current monthly mortgage payment: $499 interest, $504 principal Monthly taxes and insurance: $459 monthly contents insurance: $38Past Assessments: $11k for building HVAC upgrades $8k for building updates and building reservescurrent market value $400k - $425kcurrent  monthly rental median: $3100-$3200monthly landlord insurance: $45I'm also trying to decide if I should rent or sell and invest elsewhere.Appreciate all insights.

I have a current tenant who would like to buy a rental house he's leasing. 

I already gave notice to current LL, coming up in 2 weeks, I'm looking for another place now but what if I can't find within this timeframe?