But I do appreciate the heads up, we will definitely run our numbers. 

I know it all depends where you invest but we are looking around a $200,000 budget to start with.It seems the cheaper properties equals cheaper rents so just trying to wrap my head around how to make this a positive cash flow without having to run numerous smaller units.ThanksJennifer

(Florida Stats) I will say that there has been an effect to certain micro markets and neighborhoods that have more than average damage from Irma slowing down some transactions because repairs not being completed as fast as people would like and some condo associations/board of directors can't seem to get along well enough to get things fixed.

Anthony,The Condo documents (Association Bylaws) and your state laws/regs. will determine what parts of the building you own as the unit owner. 

Hello Bigger Pockets community!I will be attending the SJREIA meeting on 8/16 in Princeton NJ and I was curious to know who else within the community is interested in attending.  I am a Multifamily financing specialis...

That means the rental income covers the associated mortgage PLUS the cash that exceeds the mortgage and expenses helps pay other debt

Transfer taxes are based on the sale price, so those would be the same either way.Lender fees on conventional loans (typically around $1000) can typically be priced in to the rate, so that wouldn't necessarily add additional fees out of pocket.I would recommend getting an outline of closing costs for the blanket loan to see what's involved - not just lender fees but all costs associated with the transaction. 

I hit this head on cluelessly buying a more expensive house that I overpaid for, but what's done is done.

@Pam WhistleyPam, I would recommend using Robert Hall & Associates, tax consultants in Glendale.  

Jumping into a property without one can put you in over your head.