For this particular property, that price and rent ratio is excellent.  

I wholeheartedly believe that nothing works in this business unless it is a win-win.

Here's the essentials:~900 sq.ft 2/2 condo w/in unit w/d - Mount Prospect, ILcurrent tenant signed a lease 8/1 - 7/31, just asked me if he could have out 10/1.$1150/month rent - about average for the area$67k left on a $73k loan @ 5.75%, appraises at around $90 (so 25% LTV) - $900 PITIcarpet will likely need to be replaced after this tenant leaves - had 2 large dogsall major appliances ~7 y/o and in good working orderI bought it in '09 - it was my first home purchase - and lived in it till summer of 2012.  

Can't win, it seems...Could the sloping be considered a construction defect?

BP Nation,Does anyone have an investment property analysis tool to evaluate deals? A tool more advanced and a little more robust. I already have the one from BP. Looking to leverage other tools as well.Thanks BP Natio...

We target distressed sellers and relieve them of their burdensome properties while simultaneously creating a win/win situation for investors and ourselves.

Thank you Carlos...I've been looking up other posts that suggest just having excellent insurance on each residential property (which is what I have).  

It's an excellent way to fund solar system.

It sounds like you have an excellent foundation to achieve your goals of residential investment.Given your interests, I would strongly recommend these two books:@Brandon Turner's book: http://get.biggerpockets.com/nomoneydown/He digs into creative financing options and myriad ways to find great deals.

I do't have much to bring to the table, but I will say that I'm really good at Excel and analyzing numbers, and I will have some income to invest with (enough for about 1 deal a year at this point, but I realize that could accelerate).