You could then use a portion but not necessarily all of the proceeds to take a distribution to yourself and use that as a down payment on a property you want personally in retirement - whether next door to or in a totally different market than the investment property. 

Total costs for me a month are between 475-500.

This is obviously way more than the 11k i'd be getting from my condo rental income.

We don’t have a ton of money to put down, maybe 15k total.

I obviously plan to save.

I've done that for property owners whose properties I sold (obviously at top dollar since the short term rentals were allowed AND we established all the systems in place for the CAP rate to be almost double of any other Miami Beach asset.

BiggerPockets, I need help drafting an Owner Financing Proposal...never done it before.Details: I have the opportunity to purchase 3 Condos in a nice complex for $105,000 total from the same owner.

Using hypothetical numbers, let's say I need $80k to purchase a property and $50k to rehab, totaling $130k.

Manual readings would obviously be much cheaper to install and you can check them every quarter.A better suggestion is to replace the aerators on all 6 units.

These properties are currently occupied and rents total $2700.