Being a business owner and having some cash will put you light years ahead of other new investors.

The condo looks well lighted and ventilated. do i have to worry about pests?

Yes - don't forget about the little things....carrying costs - which is not just the mortgage, but also heat and electric...closing costs (always more than you expect them to be)...minor things that add up...ie - mulch in the yard,new smoke detectors, light fixtures, dump runs, whatever.

Since it's your first home, you are likely to underestimate home ownership costs--light bulbs, new window, drapes, broken pipes...

Thanks......HAPPY INVESTING....Regards,Jorge "Can't help it when your a natural born Go Getter"

Your asset is appreciating and that mortgage is making you wealthy.In light of this you're in a very good position.

There is good progress out there with the new light rail system in Charlotte, but the market already hit its boom a year or so ago.

I think Minna's point about the girlfriend is that it naturally progresses.

:superman: Regards,Jorge :superman: "Natural Born Go Getter" :superman:

Since you are also familiar with condos, would you recommend a rehabber start with light rehab, such as in a condo?