The good thing is if you have ownership or management experience you can be credited and this will decrease you rent.Hope this cleared up some confusion.

Florida is a promising state for real estate investing for several important reasons, including: 1) Florida receives an outsized portion of domestic migration from within the U.S. 2) Preservation lands restrict the availability of vacant land for future development, decreasing supply while demand continues to rise 3) Florida's population growth rate is more than twice that of the U.S. rate.

How is the decrease in price from the 2008 sale  explained? 

You're referring to scenario 3, pre-pay another 500 a month, Pros-Decreases Total interest paid 70K, Cuts the financing payback period to 17yrsAllows flexibility to not prepay the extra 675 if there is a different need for that cash.Cons-The original $175 that I am prepaying now is the positive CF I have from the property so any additional pre-pay is no longer OPM its out of our pocket.

Right now, Because this is my first major purchase, I'm just not willing to take a 'paid' risk for someone to tell me something and decrease my chances of getting qualified when my questions could have been answered, I could have worked to improve what I needed to based on your advice provide, saved time from making a stupid financial mistake, not wasting any realtor time to get approved and came back prepared in a better situation for both parties without being paid.

In example, a increase in rate is new credit but a decrease in rate is not.  

I therefore am assuming that if I just start off with Conventional, though requiring more money down and decreasing my cash on cash return, I wouldn't necessarily need to refinance as I could maintain a consistent payment and low interest rate, which would benefit the long term cash flow and PMI drop off.My question for experienced investors are:1.

I just invested in Everett, which has the Casino construction going now, though who knows how that will effect values (studies have been done that showed some areas have increase and some have decrease in property values with new casinos).

Some investors get worried investing in New Brunswick due to the population decreasing over the last census period, but the Moncton CMA actually grew by 4%.Happy to connect with anyone wanting to discuss investing in the Maritimes or investing from a distance.Brad

This will account for any recent gas price increases and decreases.