Also, if an association can gather enough owners to vote for it, they can change rules even after you buy (changing from allowing renters to owner-occupant only) and hit you with special assessments, so associations are scary.

Tampa Bay rules!

I was wondering how you got past the 50% generation skipping tax and the vest within a life in being and 21 years rule against perpetuites?

If you do not pay utility and water then go 50% costs so the caps and prices would be slightly higher.At 250,000 you were right at the 1% rule for rents versus purchase price which is not great.At this point you say you are bleeding almost 6,000 a year just to satisfy the note.

All the concepts, rules, guides, experiences, etc, that I learned from my studies were now in-play in a real world scenario.

It would have been a pretty straightforward 70% LTV.

Seems a waste of time since I'm doing the work, but if it's the rules, it's the rules.

After you have 4 mortgages, it's almost impossible to cash-out refi an investment property with conventional loans unless you're using delayed financing rules on new purchases.

If you want to calculate taxes yourself it's pretty straight forward, add up the total millage for both Summer & Winter, Divide the SEV by 1000 then Multiply the two numbers for your annual taxes.Tom A already linked the State calculator which makes life really easy, but it's still nice to know what the numbers all mean and how to manually calculate this stuff.

We specifically need help deciphering the rules behind self-directed IRAs and borrowing from a 401k.Thanks for the help.Michelle