Although Jon and Bryan bring up interesting points I'd be happy to discuss in length, I want to focus on your situation Mike.You own this property I assume, and this is not a sandwich lease..You had it appraised 2 years ago at $205k, and you offered it at a lease option for a little more than that, but now they are trying to get financed and the lender had an appraisal done and it came in at $190k?

Being in a low yield area and confined to a daily job (low yield requires job) brings desire for out of town property.

We get excited not when properties bring in $1,000/year in cash flow, but when they bring in $10,000/year in appreciation.

Lastly, condos are sometimes harder to sell, but this will depend greatly on the market.As for the past HOA dues, they can and should be settled before or at closing and would bring it current.

( plus I have to bring my husband :)A little about me...

Do you expect a over-supply of rental which will bring down the rental price3.

My fear is too much press and hype will bring more ill-prepared investors into the arena and drive up prices.

Maybe after a while that agency will bring you on full-time.

If someone brings me an excellent price lot in my area, I will purchase it to use myself not to flip.

Especially for us old farts that don't have a really good memory!