That is a good point FLU. Gotta keep them tax revenues rolling in.
CDMA you also brought up a good point about the viability of getting tenants due to the market value. This is something the OP would have to test out by looking for advertisements in the same area for comparable rentals. Subsequently then test it out by running advertisement and measuring the responses.
As for all those not understanding the mortgage payments… find a friend with a 5 or 10 year fixed rate loan, and ask them what their amortization period is.
Post the results of how many come back and say they had a 5 or 10 year amortization period. I will be quite surprised if we get an answer above 0.
