A few other thoughts, if you want to get down to the nitty gritty about the bottom line, though some of these stats are relevant whether you sell or keep the prop: -expected appreciation over life of investment -equity bought through mortgage payments -benefit of the interest home mortgage interest deduction in terms of saved (or shielded) current annual income -a 10% misc operating expenses bill tacked on -a 4%-12% vacancy rate average depending on local norms -25% recapture of depreciation -cost of improvements that will likely become necessary if you keep the house for 10 years+ like new roof, new water heater, new carpet/floors, etc...minus the depreciation you can claim for each over time -whether you've held the property for at least a year, which will impact the classification of short-term cap gains taxed at personal income rate, or long-term cap gains currently taxed at 15%.

And actually if by chance you know of something equally as informative then I'd like to read or listen to it.

Will she stop a deal if she is given the chance or will she just be annoyed at the inconvenience?

Are any of you familiar with the area by chance?

Also, it seems to me the market for condo's is slowing down a little, and the rental market is improving a little.So, after all that, anybody have any thoughts, tips, or advice?

However it is still in beta stage and there is a possibility that they will be able to improve on it.

I think this provides a great chance to save up a tidy sum of money for at least a modest down payment.

Later on you can afford to take more chances but the rule still applies just on a bigger scale.

I have a chance to buy on a lease option, do minor repairs, and sell easily for about 10k profit.How does this work when I sell the property?

I spent a couple nights at the local home improvements stores pricing items out, etc.