If they don’t need replaced, might offer to dump it back into the built up repair fund on moving out.Instead of a traditional deposit, the new resident can spend up to .1% market value on initial property upgrades, finishes, etc.

Right now I'm thinking I will be able to take all my initial capital out plus some.

I am sharing to you some of my initial recommendations: 1.

I am sharing with you some of my initial recommendations:         1.

Hi @Kevin Padula,To answer your initial question, no, 1997 is not too old to successfully run a profitable rental until you're ready to move in down the road, but it's important to do you research before purchasing.A great way to gauge future expenses for existing condos is to look at their past assessment history, and the history of those around it that may be a bit older. 

I am sharing with you some of my initial recommendations:         1.

Preliminary chat he shared the following numbers:30% down required5-6% 7 year fixed then adjustableNot sure if I should try sticking with initial plan of a portfolio loan (to diversify risk in multiple properties)OrDo conventional mortgage for 20% down and lower interest rate

The landlord is a fool, and will be held accountable in court when it is back in session. 

BUT you need to have some initiative to get going on your own, first.

@Brett Mason i initially got started in REI investing after reading the book 16% solution.