Hello everyone,If an apartment building has been converted to condos and the HOA ownership is retained by the seller, the buyer of the property (the package of converted units) earns money by raising rents or by parting out the units for sale.  

They also like spreading out their gains and earning more than 1% on their money safely.No Land Contracts or contract for deeds.

It always amazes me when people earning 6 figures in a job want to bother with the hassles of real estate investing.

If I just leave my 77k in my bank saving account earning 0.5% interest, that $385/month which covers my PMI plus I still have liquid cash to buy another deal or for an emergency. 

Anything over that gets put into a high yield checking account through our local bank and earns us 2%. 

Here are my calculations so far:Purchase Price: 162,500Closing Costs: ~2K - 3% of Purchase Price + 3K in Seller CommissionsDown Payment: $8,125 - 5% of Purchase PriceInterest Rate: 4%Loan Term: 360 Mo.Rental Income: $1K (If I Include my cost of living, I add $450 a month because I currently renting out a room in a 3/2 house for 535/ month I can bring this number up to $1,450)Taxes: $216/ monthInsurance: $121/ monthPMI: $115/ monthVacancy: $84/ monthRepairs: $102/ monthHOA: $10/ monthMonthly Payment Due Each Month which includes all above: $1,385If rental income is ~1,450, I’m clearing $65 a month or $780 a year which divided by the down payment and closing costs I am earning a ~8% return on my investment.

For me, this has led to several assumptions/beliefs/opinions:I belief that I'll one day have less control over my retirement funds and I may see less return from them (both in terms of ROI and in terms of legislative benefits), so my solution has been to stop funding my retirement and to put all my earnings towards my businesses and investments.I see short-term deflation followed by fed-generated inflation, so at some point I'll start leveraging more to take advantage.I see taxes on all classes likely rising in future, but I presume that capital gains rates will stay about the same (maybe up or down a bit) and therefore will focus on generating more in capital gains and less in business earnings.Additionally, I believe we'll see a mostly stagnant economy for the next several years, so I'm continuing to do the same things I've done the past several years in terms of distressed real estate and taking advantage of a down market.But, these are just my assumptions of where things are headed, and my common-sense reactions to them.

At that time the PE (price to earnings ratio) was 45.

I just have to be patient and save my hard earned mulah lol A couple more wholesale deals under my belt and maybe I will have enough capital to pounce on a property myself and rehab the crap out of it.

If I can work less and earn more, my motivation increases.You need to figure out what motivates you and then focus on achieving that.