You return is somewhere between 6.6% and 6.8%.With 33% expenses, after its paid off, you're generating $3433 in cash flow.

I started off with them initially (Subject to existing financing) and do not remember what made me move out of that area of investment.

:cry: Mostly just stealing electricity, since their (stolen) generator had run out of gas, interfering with their party.The other question, "why would anyone pay $500K for a 2BR house" is more complex.

Do you feel confident that, somehow, the United States will right this ship or that this generation will be the last to have experienced the splendor and grandeur that was the United States of America?

If you go back in history, you'll see that there hasn't been a single generation that hasn't experienced an economic collapes - except this one.

It may not be a problem in terms of LL/tenant laws if that is the case, but many jurisdictions do not allow you to accept that type of payment at the initial movein.

As you can see I need as much guidance and direction pointing as i can get...I'm thinking in the near future to buy at least a single where i can generate some cash flow through rentals.

Not only are we talking about gas for the boat, but also gas for the generator which will likely have to power your island.

Jon:I have always used generic 'For Rent' signs from Lowes and they seem to work fine generating responses from passing traffic.

Some projects have rental pool options where the condo owner can participate in a rental pool to generate income.