Posted by ken in sc on July 25, 2003 at 10:23:09:
I personally dont know any investors who like condos for rentals, although there may be some. The negative is mainly the association, which has rules and fees. Rules against tenants and things that tenants do. I have managed a condo for a client and it was bad. Always getting calls from the association on what the tenant is doing, and always getting higher fees. Be careful in buying a condo for a rental.
You might want to consider a section 8 property. They can be purchased fairly cheaply and if managed right produce higher income than a more typical rental house. The disadvantage is typically less appreciation, but you asked about cash flow.
Hope this helps - Ken