NOI without the debt services will give me enough to reach/exceed my goals.

Basically at 1k rent, you are looking at $500 NOI to cover both debt service and any profit.

He does all of my rent turnovers (painting, cleaning and repairs) and all of my service calls.

(I've worked in online web site development and programming for 20 yrs, but it's getting a little old and doesn't pay as well as it used to.)

For less than a cup of Starbucks, a user can get the privileges to post ads for deals, buyer's lists, loans they are offering or seeking, or can advertise their company, product, or service.

HUD has a web site were you can put in the condo name and see if they are "approved".

Since my web design business took a beating, I had taken it upon myself to make sure I state in shape.

The bank approved $500 in payments to the title company but the title company has added a $2000 "service fee" that they say I have to pay.Now, $2000 isn't worth losing this house over, but $2000 is still a lot of money.

You also need to take into account if your competition is waving the security deposit for qualified applicants,charging a pet fee or not,paying for any water,sewer,trash for the tenant included in the rent,including appliances,or giving a rent credit on move in, and many other factors.Rent rates can look good until you see how many landlords you are competing with,quality of the product,and incentives given driving down the net rent before debt service and depreciation.

Bill too many factors would weigh into this.You are looking at hard money with very high carrying costs at 60% occupancy as a regular lender won't touch it.Too easy to go from 60% to 40% or lower and the new lender has a fresh foreclosure on their hands.Unless you pay cash you will need a HML or private money and will have to pay low to get it to cash flow until you can refi into a lower debt service once stabilized.Is this a local,regional,or national bank??