You have mortgage, taxes. insurance, repairs, management fees, etc, and hopefully a positive cash flow.

I don't see this as having any positive cash flow with the numbers you posted.ON THE OTHER HAND: Are the rents comparable to others in the area?

Or $545/mo, which wipes out the $225/mo negative and puts me in positive after-tax cash flow territory ($320/mo positive).

You can take avoid some taxes through forming certain entities and paying yourself a reasonable salary and taking disbursements on top of that.

Upgrading to the paid position is optional.HTH.Rhonda

I will have 50k equity in my condo and another 30k approximately in other "investments" (Park and pray mutual funds.)As I already have a decent amount of capital, I was hoping to get some recommendations on what you folks would do for a first time investor's money.Right now I don't think that I can realistically get positive cash flow in the Seattle area so I might have to take the "not in your own backyard approach."

As many of you know, that was a very good time to buy in FL, and now I find myself in a good position to make a move.

I've normally already had the title search done, so I am in a fairly protected position even without the insurance.

Im glad to see someone here is positive about L/O's.

Is it cash-flow positive??