Mortgage 15/1 arm at $3.375% with max 4% interest increase due 15 years from July 2015 (Aug 1, 2030).Current condo monthly maintenance fee : $1036 includes water, amenities (pool, tennis court, concierge, gym, sauna, community room with pool and ping pong, maintenance)Current monthly mortgage payment: $499 interest, $504 principal Monthly taxes and insurance: $459 monthly contents insurance: $38Past Assessments: $11k for building HVAC upgrades $8k for building updates and building reservescurrent market value $400k - $425kcurrent  monthly rental median: $3100-$3200monthly landlord insurance: $45I'm also trying to decide if I should rent or sell and invest elsewhere.Appreciate all insights.

If you're open to other markets, I invest locally in the midwest and I think we have some strong RE markets that are relatively affordable. 

What market's do you invest in? 

Often they will tell you what they're having a challenge with (like finding off market deals, a reliable property manager, etc). 

Staying in the Wilmington area makes the most sense, as we really know that market, but I also have a soft spot for the western part of NC!  

Conduct market research, get pre-approved for a mortgage, define property criteria, and use analysis tools.

After that I plan to focus more on cash-flowing markets out of state. 

There are a lot of hidden opportunities in our market.

Here’s a 10-step process to get started with out-of-state real estate investing:Research and Select a Market:Identify markets with strong economic fundamentals, job growth, population growth, and potential for real estate appreciation.Consider factors like rental demand, vacancy rates, and local landlord-tenant laws.

I've never marketed it to groups larger than 8, so I don't get as much rent as I could.