Even access to quality health care is better, despite less people on union-negotiated plans; there's far more prohibitions on denying coverage today than there was 20 years ago.

I’d use a non qualifying loan like a DSCR (debt service coverage ratio).

It's not a huge cashflow difference and since we don't touch the income it builds up a reserve to cover unit turnover etc but if you plan to use that income to supplement your income then I would do 30-year to create a faster reserve before you draw against the income.

DSCR stands for Debt service coverage ration.

Condo Master Insurance does NOT have full coverage of property structure.

Condo Master Insurance does NOT have full coverage of property structure.

Without knowing your job situation, retirement planning, etc. there are a lot of different variables at play here. 1) Renting the property would theoretically generate cash flow that would supplement your monthly retirement income.

Yes because most insurance polices have a vacancy clause that suspends coverage when property is vacant for 60 days.

AND, with the Roofing sales people (we have no salesmen), the independent adjusters, the fraud of the whole system, and the frequency of the "valid" storms that do warrant ins replacements ... yes, our areas have increased Costs and pricing.FYI, I actually got our business GL policy provider (ins co) out of Cali (they are licensed in 3 states) to cover my personal house ins, with more coverage, for 1/2 the price that Geico was raising it to!

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.