@Chris Seveney, I'm considering the same thing for the condo community where I've owned for more than five years since it's a known entity to me... solid professional management, negligible annual fee increases (which are relatively low overall)... condo is part of larger community of 55+, towns, SF, but all under one management company.  

Is this an annual estimate?

My question for you is would you take $0 annual cash flow now for $60,000 annual cash flow in 20 years(progresses $10,000 annually every 3 to 5 years with refinancing)?

I said I would only be interested if it is owner financed and he agreed.Asking $55,000 which is close to market value. records show he paid $49,750 in 2012condo fees: $136/ mo ( includes exterior maintenance and cold water)taxes: $120.33/ mo ( $1443.82 annual)Insurance: $12.08/ mo ( $145 annual)He is asking 10% down and 10% interest rateCondo is currently rented for $650 Electric heat ( paid by tenant)2 parking spacesWhat do you guys think about these numbers?

Commercial lenders (after you've obtained a loan) like to see your personal financial statement annually.  

Hello @Joy MondalaI am an assistant to an old friend and i pay him a fee to help with his annual fees for access. 

I'm assuming you're saying that this could increase rent by $20 monthly, therefore per unit increase at $240 annually.

That's only 0.4% but the annualized appreciation over 30 years has been 6.5%.

My annual return on investment is over 20% so it made perfect sense to me in that situation. 

Further, estimated 35K in annual expenses (have a suspicion that this is too high), calculations become:AGI: 172KMortgage: 12* (10K-3K principal) = 12*7K = 84KAnnual expenses: 35KNOI: 53KSo, cap rate would be around 53/795 = 6.95Assumptions: 1.