650,000 purchase price.1,805/month in a 30 year mortgage at 8% interest.23,400/year with that 8%Totaling at 702,000 for the total cost at the end.My theory is that if he would like to make a monthly cash flow of ill round it to 2000 a month with little tax compares to selling full cash and having to pay the taxes on it, also leaving himself a legacy of cash flow for him that gets paid each month, even after he passes away, he would be inclined to leave his family with that cash flow rather than a lump sum.

Your wage is not the most important thing, but rather the amount of mortgage payment towards the house compared to your wage.I'd recommend finding an excellent, skilled lender and running through ^^ with them. 

why aren the condos doing well compared to everything else rising? 

I think there is hesitation based on this being another '08, but that is comparing a systemic difficency to what could be considered a "typical" downturn, i.e. unemployment leading to late payments and defaults. 

@Mayalina DepasFirst place to get started obviously talk to few brokerage companies to understand/compare the differences.

They aren’t comparable to notes on real estate in value at all.

I was hoping for a single source because some sites have some of the cities and the different sites use different years, so I'm not truly comparing apples to apples.

Let me rephrase your statement in to a "less self-defeating" tone:I believe I live in an untapped market, and because of that, I may have less investors and cash buyers available to me as compared to hotter markets.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

First I would find out what comparable rentals are going for in your area.