function tooltipcontent(tipid) {
var Respond='';
   if (tipid=="1") { 
      Respond="Appraisal Value|The fair market value of a property based on an appraiser's opinion and analysis of a property. Because an appraisal represents the comparative worth of a property it should be roughly the same as the purchase price.";}

   if (tipid=="2") { 
      Respond="Purchase Price|The dollar amount paid for a property. Specifically, this is the amount stated in the sales contract, unadjusted for financing, concessions, or seller-paid closing costs.";}

   if (tipid=="3") { 
      Respond="Building Area (Sq Ft)|The total square footage of the building under consideration to see the price per square foot.";}

   if (tipid=="4") {  
      Respond="Total Down|The initial cash contribution toward the purchase price made by a property buyer, required by the lender as security against default. ";} 

   if (tipid=="5") {  
      Respond="Closing Cost|The total of all one-time costs paid at closing, including "non-recurring closing costs" and "pre-paids".  "Non-recurring closing costs" are one-time costs as a result of buying a property or getting a loan, including: title insurance, deed recording fees, courier costs, attorney fees, and bank origination fees.  "Pre-paids" are costs which recur over time, such as the first year of hazard insurance, 1/6 of estimated annual taxes, and the interest on loan until the first payment is due.  A lender will attempt to estimate the amount of non-recurring closing costs and prepaids which they must issue to the borrower within three days of receiving a home loan application.";}

   if (tipid=="6") {  
      Respond="Total Out of Pocket: Closing|The total cash spent by the property buyer at closing, consisting of the down payment plus all closing costs.  Does not include renovation costs that occur after the closing date.";}

   if (tipid=="7") {  
      Respond="Renovation|Renovation is the process of improving an existing property. This usually involves new materials being used while keeping the same basic appearance of a property. <br /><br />ITEMIZED BUDGET: Itemized Budget is for the advanced user who prefers to fill out the &quot;Renovation Costs&quot; tab line-by-line and link the total budget back.<br /><br />ACTUAL COSTS: Actual Costs is used to help evaluate a property's investment value after the renovation budget has been spent.  This is useful to learn how to improve estimates for the next project.<br /><br />SIMPLE BUDGET: Simple Budget is for the user who prefers to estimate the total renovation budget at once.";}

   if (tipid=="8") {  
      Respond="Grand Total Out of Pocket|The total cash spent by the property buyer at closing and for renovation after closing.  Does not include annual revenues and expenses.";}

   if (tipid=="9") {  
      Respond="Interest Rate|The amount charged by a lender to a borrower for the use of funds. The interest rate is usually expressed on an annual basis as a percentage (%). Interest equals principal x interest rate x period of time.";}

   if (tipid=="10") {  
      Respond="Amortization Period (in Yrs)|Part of a loan payment is applied to pay the accruing interest on a loan while the remainder of the loan payment is applied to the principal. The interest portion decreases as the loan balance decreases over time, and the amount applied to principal increases so that the loan is paid off (amortized) in the specified time at greater and greater rates.";}

   if (tipid=="11") {  
      Respond="Loan Amount|PROPERTY LOAN ONLY: This is the total loan amount for a loan that includes property and excludes renovation costs.<br /><br />PROPERTY+RENOVATION LOAN: This is the total loan amount for a loan that includes property and renovation costs.";}
	  
   if (tipid=="12") {  
      Respond="Loan Type|FIXED PAYMENT: A payment plan in which the interest does not change for a certain number of years, and by which the loan is paid off by the end of that period.<br /><br />INTEREST-ONLY PAYMENT: A payment plan in which the monthly payment includes only interest and not principal.  The monthly payment does not change, and neither does the amount owed to the lender because no principal payments are made.";}

   if (tipid=="13") {  
      Respond="Rent|The payment from a tenant to a building owner for use of the owner's property. Rent payments are usually made monthly.<br /><br />HOMEOWNERS: Typically there is not rental income on your personal residence.  If this is the case, enter $0."}

   if (tipid=="14") {  
      Respond="Assessed Property Value|The valuation placed on property by a public tax assessor for taxation purposes.";}

   if (tipid=="15") {  
      Respond="Property Taxes|Taxes assessed on property. The tax is determined by various factors, including the use of the land (residential, commercial, or industrial), the assessed valuation of the property, and the tax rate. Property taxes are usually assessed by county and local governments and are usually deductible on federal income tax returns. If a mortgage lender requires that it pay all property taxes, borrowers must remit their property taxes as part of their monthly mortgage payments and the lender keeps the money in escrow until property taxes are due.";}

   if (tipid=="16") {  
      Respond="Maintenance|Periodic expenditures undertaken to preserve or retain a property's originally intended use. These expenditures do not improve or extend the life of the property."}

   if (tipid=="17") {  
      Respond="Insurance|Hazard (or fire) insurance is purchased to protect the property owner in case of disaster.  A tenant would still need to purchase renter's insurance to cover their personal belongings.";}

   if (tipid=="18") {  
      Respond="Vacancy|Property unoccupied or not rented (reflected as an annual percentage).  This occurs between tenants and during times of maintenance.<br /><br />HOMEOWNERS: Typically there is not a vacancy cost for your personal residence.  If this is the case, enter 0%.";}

   if (tipid=="19") {  
      Respond="Professional Property Manager|The annual fees paid to a Property Manager to maintain a property.  A Property Manager is responsible for securing and maintaining relationships with tenants, repair and upkeep on the property, and communicating with the owner.";}

   if (tipid=="20") {  
      Respond="Homeowner Association Dues|Fees required by an organization of the homeowners in a particular planned unit development, condominium, or subdivision. These are generally applied for the purpose of enforcing deed restrictions or managing the common elements of the development.";}

   if (tipid=="21") {  
      Respond="Annual Total Expenses (Except for Loan)|These are the costs of operating the property, and include property taxes, maintenance, insurance, vacancy, property managers, and association dues.  The cost of obtaining purchase funds is listed separately.";}

   if (tipid=="50") {  
      Respond="Annual Cashflow, Pre-Loan|Cash receipts minus cash disbursements for a year.  This is the net operating revenue (or cash flow) that would occur if there was no lien or mortgage on the property.<br /><br />HOMEOWNERS: This negative number represents all the annual costs associated with owning your own home that are not included in your mortgage.";}

   if (tipid=="22") {  
      Respond="Annual Cashflow, Including Loan|Cash receipts minus cash disbursements for a year.  This is the net operating revenue for the specific mortgage and payment scenario for a particular owner, including loan and all other expenses.<br /><br />HOMEOWNERS: This negative number represents all the annual costs associated with owning your own home including your mortgage.  Dividing this number by 12 will reveal the true monthly expense of living in your home.";}

   if (tipid=="23") {  
      Respond="Inflation|A loss in the purchasing power of money due to an increase in the general price level of goods and services. This is usually measured by the consumer price index, published by the Bureau of Labor Statistics.";}

   if (tipid=="24") {  
      Respond="Number of Months Until Sale|The amount of time that a particular owner intends to hold the property.";}

   if (tipid=="25") {  
      Respond="Number of Years Until Sale|The amount of time that a particular owner intends to hold the property.";}

   if (tipid=="26") {  
      Respond="Annual Appreciation|An increase in the value of property. Causes of real estate appreciation may include inflation, demand pressures for land and buildings, physical improvements, modernization, or removal of a negative factor from within or outside a property.";}

   if (tipid=="27") {  
      Respond="True Market Value at Sale|The theoretical highest price a buyer, willing but not compelled to buy, would pay, and the lowest price a seller, willing but not compelled to sell, would accept.";}

   if (tipid=="28") {  
      Respond="Actual Sale Price|MARKET VALUE: The agreed upon price at time of sale, determined by appraisal value and appreciation.<br /><br />INPUT: The agreed upon price at time of sale, determined by the user's judgment.";}

   if (tipid=="30") {  
      Respond="Loan Note at Sale|The remaining amount to pay-off for the mortgage loan.";}

   if (tipid=="31") {  
      Respond="Reinvest Rate (estimated)|Not included in this version of the model.";}

   if (tipid=="32") {  
      Respond="Finance Rate (expected)|Not included in this version of the model.";}

   if (tipid=="33") {  
      Respond="Total Profit|Total cash returns over the entire period of ownership, in nominal dollars (not adjusted for inflation).<br /><br />HOMEOWNERS: In many cases this will be a negative number, however this does not necessarily reflect a poor investment.  After all, most people expect to pay some amount for their housing.  Dividing this number by the number of months you lived in the property will reveal the actual monthly cost of living in that home.  In many cases, this is much less than your mortgage payment, because you benefit from leverage. <br /><br />Do not confuse this number with the amount you receive at closing upon the sale of your house.  This amount can be approximated by subtracting the loan note at sale from the Actual Sale Price.";}

   if (tipid=="34") {  
      Respond="Internal Rate of Return on Investment|The true annual rate of earnings on an investment that takes into account time.  Equates the value of cash returns with cash invested and considers the application of compound interest factors.";}

   if (tipid=="35") {  
      Respond="Capitalization Rate|Rate of interest or discount rate used to convert a series of future payments into a single present value. In real estate, the rate includes annual capital recovery in addition to interest.  Typically, if you can obtain a loan for a lower rate than the property cap rate, you can profit from arbitrage.";}

   if (tipid=="36") {  
      Respond="Cash on Cash Return|A method of yield computation used for investments that divides the annual dollar income by the total dollar invested.";}

   if (tipid=="37") {  
      Respond="Hours in 1st Month|The estimated total time it will take a new property owner to conduct all aspects of inspecting and purchasing the property, improving the property, and readying it for income generation.  It also includes time required to find and install new tenants.";}

   if (tipid=="38") {  
      Respond="Monthly Hours after 1st Month|Ongoing monthly time spent collecting rents, maintaining the property, and otherwise.";}

   if (tipid=="39") {  
      Respond="Hourly Rate|The average hourly income of the internal property manager (often, the owner).  For non-salaried employees such as the owner, this is estimated.";}

   if (tipid=="40") {  
      Respond="Total Soft Costs (Inflation-Adjusted)|The total real cost of the owner's (or property manager's) time in servicing the property (adjusted for inflation).";}

   if (tipid=="41") {  
      Respond="Total Profit (after Soft Costs)|The total profit of the project adjusted for the cost of property manager's (or owner's) time.";}

   if (tipid=="42") {  
      Respond="Internal Rate of Return on Investment (after Soft Costs)|The true annual rate of earnings on an investment that takes into account time and opportunity cost of the owner.  Equates the value of cash returns with cash invested and considers the application of compound interest factors.";}
	  
   if (Respond=='') { 
      Respond="No tip available.";}
 
return Respond;
}