Thanks Terryw and all contributors to this thread.I`ve found it very educational Goodluck Ben and Mina sounds like your on the right track.

Are my calculatioins correct guys? Or is there a quicker way to calculate if an IP is going to be CF+ ??Thanks for all the feed back 

Yes it`s a 1 bedroom studio appartment without a car park on title.  Yes it sounds like it`s "managed" by the body copr` where they take care of maintenance, tenants, etc.I should be getting the Sec 32 today. Does this sound like serviced apartments? Have you guys had bad experiance with this type of setup? Thanks for your help.