This is pro-rated whether you own a Studio, 2 Bedroom or Penthouse Suite or an annual gross ROI through rental income of some 18% [16% net] on todays cash purchase price of a condotel suite.Moreover, because this is "Cooperative" basis, even if your unit was not actually used during the month you still get a share of rental proceeds because of the pro-rated pool sharing system of dividends…There are in all Condominiums the "Monthly Condominium Dues" payable to cover such recurring expenses as the maintenance of the common areas, security guards etc….. however, in a Condotel, building maintenance and operations is subsidized by the additional revenues a condotel provides the building managementThe Lancaster Suites is Full Property Ownership - Not Time SharingMost real estate "Agents" would seem to have a totally incorrect about Condominium Ownership in the Philippines that a Condo Unit can be only be owned for 50 years.

Originally I made some incorrect assumtions.

During this discussion, the neighbor volunteered that the entire HVAC system needed replacing and the property owner did not have the money to have the work done....needless to say, the “hot” prospects did not rent the property.Rather than calling local HVAC service companies from the online Yellow Pages and question the quote she received, the owner alerted neighbors to a potential problem with her property which was reported incorrectly to prospective residents.$ * An owner while arranging for some routine repair work at her vacant home decided to turn OFF the AC to save money on the electricity.

If you feel you have been treated incorrectly, above ALL, tell that agent, or better yet, tell their broker.

Just a point I would like to make since it hasn't been brought up is the accuracy of the information provided by RealtyTrac and Foreclosure.com.They have been incorrectly listing our home on their foreclosure lists for the last 2 months.

Here is an indepth explanation of the three (3) 1031 exchange identification rules, including the 200% rule: http://www.exeterco.com/article_identification_rules_like_kind_replacement_property.aspx for those investors who want the correct information.The prior poster is incorrect and is confusing the identification requirements with the actual acquisition.

, but you levels of "personal" debt, including crazy credit cards says otherwise.You're looking at the cost of your LOAN as the cost of this house, that's an incorrect analysis!

They also include, vacancies, maintenance, legal, management (whether I hire a property manager or do it myself), etc.If this assumption is incorrect, then please feel free to let me know.Thanks again.

In fact, if I signed the documents as "Michael Rossi, owner", that would be legally incorrect, because I don't own the property - the LLC does.Good Luck,Mike

I am thinking this person is incorrect as if this was the case I am sure it would have been discussed here and I would have know about it....As always thx in advance,Chris