1. You purchased two condos for $100,000 cash down, with loan and insurance payments of $1,500 a month for the next 10 years. Your association fees are $150 a month. You plan to rent out one of the...

1. You purchased two condos for $100,000 cash down, with loan and insurance payments of $1,500 3 month for the next 10 years. Your association fees are $150 amonth. You plan to rent out one of the condos to cover 80% of your housing expenses. What rent amount do you need to charge your tenant?


Extracted text: 1. You purchased two condos for $100,000 cash down, with loan and insurance payments of $1,500 a month for the next 10 years. Your association fees are $150 a month. You plan to rent out one of the condos to cover 80% of your housing expenses. What rent amount do you need to charge your tenant?