Does the condition justify market rents?

I want to purchase a condo in Chicago for personal use in the summer but its hard to justify it sitting empty the rest of the time. 

The cost doesn't justify the benefit.  

If not how are you justifying 3% for Vacancy? 

I should mention that this property will be financed, so I want to make sure that the return will be enough to justify my purchasing.  

In general, the higher fee is justified because non-members do not pay dues to the association which may devote some part of its efforts or resources to the MLS or MLS-related matters.

FWIW those holdings, almost by definition, aren't able to be all dollars, so I'm not sure I see how those holdings justify creating money way in excess of those holdings.

@Stephen Scire@Stephen ScireHey Stephen,I too am in Boston and have struggled with the same problem.I have enough equity to take out up to 1.5 mil.The problem, however, is finding the right property in our local market to justify the use of these funds.I am currently looking into Dallas / Fort Worth market where you can tap into bigger deals.

They very well could give me so many different breakdowns to justify why I need to pay 50% upfront.

The only caution I'd think through is a turnkey company talking about cap rates (rather than comps) to justify a purchase price.