If you take a little time to evaluate which amenities or areas of your condo you are not using, you may be able to find a number of ways you can make money from your condo.

You need to carefully evaluate the property to be sure that the expenses aren't much higher.

You haven't supplied much of the information necessary to evaluate this deal.

I like to evaluate residential properties using CMA/BPO/appraisal, and using an income analysis.

They may intend to hold on for the long term.Rental property evaluation is independent of the location.

If you understand the business, you certainly don't need software to evaluate the deal.

I will follow on your advice to enter the property "with notice" so i can evaluate repaired .

I avoid areas where I feel unsafe.You need to do your own evaluation of the rents, and the prospects of getting a tenant.

My average insurance bite in Florida is now at two+ months rent, it was one month 10 years ago.Limiting the property tax increase to 10% for non-homestead is really just a smoke-screen for the continuing rise in taxes for business property owners.My average property tax bite is now at two+ months rent, it was one months rent 10 years ago.The housing recovery willed be slowed in Florida as buyers realize the implications of the higher bite of property taxes in any rental property evaluation.

Will,You are right with your analysis and the 1% rule is a basic tool for initial evaluation.