My bad. 

The best way to jumpstart your investing career IMO is to network with others in the REI community.  

Just like anything, you gotta take the good with the bad.

Otherwise sounds like you should get out of the deal with Morris, have you done research on Morris, theres alot of bad turnkey companies out there.

As for appraisers, we will see one day just how many bad deals have gone through that shouldn't have because of AMCs but unfortunately the reasonable ones that never happened will be much harder to quantify.

lol  I like to have a healthy equity so if something goes bad, I've got some backup. 

But now that I've found the BP calculators, I'm in love...and so is my financial planner, if for no other reason, it takes some of the weight of telling me "No" off of him because I can see for myself that it's a bad deal. 

Ideally would like to get it rented before the Holidays kick in.The new applicant we have has good rental history (no evictions, good landlord reference) but pretty bad credit (more than 5 accounts with charge-offs and collections that have just been reported in last 2 months).

Good owners, you won't have any damage, but bad owners.. well if you ignore a dogs emotional or physical needs, your property will suffer, so just make sure you're aware of it.   

Both condos will be cash.For the rental condo, I was thinking about 3 markets where the rents are not bad and there is room for capital appreciation.I have finalized my list to 3 places1.