In the business district (downtown), we find our clientele to be young professionals and studio, 1 & 2 bedroom units all rent equally well, but larger (3-bedroom) can be slow to rent.Around the universities, cost/room is the main driving factor for students, so 3 & 4 bedroom units always rent early and 1-bedroom units seem to rent last.

It was low because you have to fund the impound such that the amount added each month will equal the amount of the property taxes and insurance when they are due, plus 2/12 of the amount of each.

In addition to the 40k principal, you could max out your Roth IRA for 10 years and if ROI equals it's historical returns then you'd have accumulated over 200k tax free.

If all else is equal, I would still ask for an explanation.

The 2% rule applies to the rent equaling 2% of the purchase price.

Going through the motions takes less energy and little is gained, now who said for every action there is an opposite and equal reaction???

Many sellers have unrealisitic beliefs about the value of their product.

So, you have a lot of equally licensed people out there (here in WI we have two levels, salespersons and the higher broker level, I went and got my broker's license right away) but there can be a HUGE variance in the knowledge that these people may have as far as any particular aspect of selling real estate goes.

I would say that the online estimates from other websites such as Trulia are equally as suspect, and should not be trusted.I am also a Realtor and I don't even have words to tell you how much other Realtors and I HATE Zillow.

If the purchase price is equal to or greater than the mortgage balance, then it is paid in full at closing in order to release the property.If the purchase price is less than the mortgage balance then you enter into a short sale scenario.