SD Realtor – Thanks so much for the info. I already own a McMansion and I am very happy with it. Of course I own it at half what it is worth today. Which even if it had gone up double again I wouldnt sell it because I dont want to move around, its not worth it to me. I am looking to diversify my assets now and have been thinking about downtown condos. I know they have to go down quite a bit more before they are worth investing in but I think downtown will eventually be a great market and good investment. Also, because I live in North County when one of my condos is not rented I will use it for a change of pace or let friends and family use it. My main question is do I have to wait before it is a positive cash flow situation, which seems doubtful, or are there situations that make sense to be slightly negative. I am going to buy outright or put a large amount down on the properties so I will have little risk of carrying costs overwhelming me if things go bad. What is the downside of downtown condos that you might know about. Thanks again.
