Also because rents were so low, the property was cheap and I could afford it.

According to data from ATTOM Data Solutions, Las Vegas home prices crossed the point in the last few years where it is more affordable to rent than to buy.

If it's minor, then allow a few to accumulate and send the handyman out for one trip.If your mindset prefers hiring out management, 6% is very affordable! 

I think the question is since your tenant can already afford to pay 1950 is an extra 200 going to make it unaffordable for them. 

I wanted to put down 10% which is about all I can afford. 

Many of the top PM companies, who can afford to be picky about their clients, may choose not to manage it at any price.In addition, I see from Rentometer that the median rent for a 2-bedroom in that area is $625:And those are Rentometer numbers, which can sometimes over-estimate by a significant amount. 

Account Closed I'm still new to RE investing, and honestly I can't afford investing where I live in CA nor have the time to travel to a different state to manage a rehab project, so I though turnkey is they most suitable option for me, and from what I've been reading everyone says that turnkey doesn't necessarily mean I've to pay more or pay a premium, they buy distressed houses at cheap, rehab them and sell them at the market price.

If all of a sudden you have to take a loss, can you afford it?

As with ALL loans, being able to afford the payments is important. 

My goal is to keep the condo as i want to eventually give it to my son when he goes to college, so i do not want to sell.Financial i can afford to keep it .