We are launching the program this week and expect a few new listings by the end of the month as a result.

Investors typically have an ROI number in mind so ask them what kind of return they expect.

That is; (1) outline the points you want to make, (2) put them in order of descending importance, (3) sub-categories for the back up info on each, also cover what action you are taking (firing) and what action you expect from her full refund etc), (4) actually writing the letter, (5) make sure it all fits on ONE PAGE (6) proper business letter format, (7) spell checked, (8) set it aside for 24 hours to cool and then re-read it for effectiveness, Then mail it.The only good job of management is the one you do YOURSELF. all cash

Then go and see as many as you can to understand what buyer's expect when they purchase properties in that market.

BIG PROBLEM. 2. how do you expect to refi when you don't own it?

A few other thoughts, if you want to get down to the nitty gritty about the bottom line, though some of these stats are relevant whether you sell or keep the prop: -expected appreciation over life of investment -equity bought through mortgage payments -benefit of the interest home mortgage interest deduction in terms of saved (or shielded) current annual income -a 10% misc operating expenses bill tacked on -a 4%-12% vacancy rate average depending on local norms -25% recapture of depreciation -cost of improvements that will likely become necessary if you keep the house for 10 years+ like new roof, new water heater, new carpet/floors, etc...minus the depreciation you can claim for each over time -whether you've held the property for at least a year, which will impact the classification of short-term cap gains taxed at personal income rate, or long-term cap gains currently taxed at 15%.

Moreover this is a condo in a prime location and I would expect the rental costs to be quite high.

The builder's might be a better short play though, if rates jump up as expected, they are going to be hurting for awhile as they adjust to the lower market demand.

I also have enough cash left to possibly be able to purchase another low end property - a trailer on 2 lots in an area that I expect to join the "boom" within 5 years - without getting too creative with the financing.

If you decide to sell before that "critical mass" where there are more buyers than new homes, expect lower rents or buyers to expect to pay a lesser price.