The good news is that I bought it low enough to rent and cover all expenses plus.

I can't imagine you can get enough rent on a condo, even ocean view, to cover a note that large.Tell the seller that you're investing $100K of your own money.

I'm not really looking to make a monthly income just to cover the mortgage, and hold onto it for a while.

I had been extremely lucky and decided to hang it up and raise my 4 kids and please my wife(We had 2 more kids, as those that have my book can see on the back cover!).

I thought it was a good overview for one who is not familar with multi units and their financing.I have never been to the boot camp, but have spoken to more than one investor who said they benefited particularly from the creative techniques covered at the bootcamp.All in all, Dave's home study is course is a good beginning and overview of multi unit investing.

(the whole house was just painted there was no dirt on walls or baseboard on Monday)Outlet/switch cover at kitchen sink needs cleanedKitchen cupboard doors are dirty.

Now most of Gainesville is covered in these cheaply built massive apartment buildings with the problems that Tom brought up.

Using the 40% for expenses I use because I'm willing to manage for free and I have optimism about the area, its right at $99.For rentals, though, you do need some cash in the bank to cover unexpected and expensive items like furnaces, evictions or tenant damage.

Suzzane,Everyone has covered some great thoughts and so forth.

And rents won't even cover the taxes.