Also Condos Tend to be the last to rise and first to fall when markets change, FL is highly volatile, especially condos, so unless you buy WAY under market, your risk is pretty high especially if you want to get out at a low point in the market.   

If you can't handle stepping in to a grocery store or attending Sunday church service without a dog in your pack, you may need to be medicated and under constant supervision.I'm prior military and a combat veteran.

I started learning more and analyzing the numbers on properties almost daily by using the calculators under the tools section.

One of my quads has a 31-year tenant and a 25-year tenant, I think they are going to live there the rest of their life, they are under rent control. 3.

I also have a handful of great friends in Milwaukee with full time real estate success under their belts that I could hook up with locally as well.Cheers to your future!!

You have to hang your license under a broker in CT.You have to weigh out the risk, the cost, and the time involved with becoming a broker. 

@Bobby Zandate FYI, you have like 15 - 20 mins to edit your post without getting the ****ing "updated" lingo under the original.It seems like you did your numbers correctly based on the limited information you provided

You are discovering some of the possible downfalls of buying a properties under $50K. 

This situation could be a bit of a game changer for folks wanting to exit 1031 land with more tax free dollars.If an entity owns property and 1031s and subsequently dissolves and distributes the property to the members do those members inherit the requirements of a conversion under 1031. 

Pay what it's worth or get out from under it before it sinks you.