All Forum Posts by: Bradley Behr

This isn't really advice, just information that someone else is in the same boat as you. Additionally, my opinions are that of a relative novice and are just that, my own!

Purchased condo in Jacksonville, FL as primary in 10/2009. Purchased new primary residence 03/2013. Carried the double mortgage payments a while then then got a tenant in 10/2013. Renting for $1,050.00/mo, covers all but $88.00 of PITI and HOA fee.

So far we have been lucky and no repairs or issues came up.

We are hoping to sell it before mid-2016 at a profit to skip capital gains taxes, as we do not feel comfortable with a condo due to the HOA horror stories and we are worried it's just a matter of time before a large assessment is needed. No basis for that opinion other than being a pessimist.

Long story short, we are just viewing the $88 as reasonable payment due on a second property.