Posted by Frank Chin on March 25, 2001 at 20:36:36:
Yes - I’ve rented them out and done OK.
There’s some pluses and minuses when compared to SFH. The one big minus is in some cases, the condo board may have to approve your tenant. That depends on the bylaws.
Other people posting even indicated preference for condos. This is due mainly to the condo association managing the common areas.
You got to make sure the rent covers your mortgage, insurance, taxes, condo fees, repairs, and special assessments that comes up time to time.