Having said that, I'd consider flipping a condo over renting one personally, due to the exact reasons Russell mentions above so your client may be OK, depending on the association.If your client does decide to invest in condos for the long term, I would strongly encourage her to make sure the association has a recent (no more than 7 years old) reserve study that breaks out the yearly reserve contribution and make sure the association is budgeting at least that amount, if not more.

I have read several studies over the years that have looked at tax rates and the economy, and as I recall, none of them were able to link high or low taxes to an overall stronger economy.

To me, my rental is not so much an economic case study as it is an appreciation too and, god willing, one day a cash flow generator as well.

When we sell our home, we will have a year and a half of living expenses in the bank and are contemplating making the move to the San Diego area.My training and experience is in law enforcement and I’ve studied my job options in SoCal, which look fairly promising (it’s just tough to land a cop job out of state without living in the area).

Are you planning on getting a job in the field you've studied?

Jennifer, I would recommend that you study up on everything to do with pre-foreclosures on this site, and also marketing for motivated sellers.

Anyone who ventures into flipping MUST have INTENSIVE study behind them, INTENSIVE.

I also wanted to put in a plug for Phil's newly-revised model you can find on the following thread:Apartment Complex ModelI would love to get your feedback on the latest model incarnation after you study some Robert.

I've been lurking/studying for awhile now and am looking forward to getting started.

At the time of writing, the ratio was 1 in 7 adults receive some sort of economic subsidies (if Im remembering that ratio correctly.Well it looks like according to recent studies its now right around 48%.