He would then make down payment of $1,000 to us and pay a annual interest rate of 9.990 on now $49,000.

You are a qualifying taxpayer if: Your average annual gross receipts for each prior tax year ending on or after December 17, 1998, is $1 million or less.

I do know it is actually around 5-10% of rents annually on average.

Do you required to inspect that red/full system fire alarm annually?

Her income is $17,004.00 annually. 

Meaning year over year the money is there but it is being devalued with the historic 2 to 3% annual inflation.So while leveraging to the hilt is also not encouraged it can make sense to take advantage of market opportunities in a good cycle.What I see people with millions do is keep cash flowing but watch out for the great deals.

FL got 11 more years to go and TX one got 9.5 years to go.I have a negative cash flow from FL, since it's Maintenance fee from the complex is higher, and they rent it annually.

So my question is regarding financing I get paid 60,000.00 annually and have 40,000.00 in savings, probably looking at 315,000.00 preapproval.

With interest, possibly only my own, I can check in and provide these numbers again next year.The real comparisontable { }td { padding-top: 1px; padding-right: 1px; padding-left: 1px; color: black; font-size: 12pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Calibri,sans-serif; vertical-align: bottom; border: medium none; white-space: nowrap; } month options returns options annualized REI REI annualized CD annualized January 382.71 0.176 na na 0.005 February 298.28 0.135 na na 0.005 March 800.6 0.359 na  na 0.005 April 1050.59 0.232 na  na 0.005 May 966 0.194 94.5 0.0044 0.005 June 618.78 0.089 97.5 0.0045 0.005 July 1055.55 0.147 44.99 0.0023 0.005 August 202.98 0.027 225.22 0.056 0.005 September 569.34 0.073 348.4 0.061 0.005 Where the annualized REI returns are calculated on the cashflow value at that month x12 and divided by the cumulative closing costs.

Also look at how much monthly dues grew annually in recent years, you may not like the pattern.Lastly, see if you can determine how many other properties in the association are REO or active foreclosure.