Posted by Jim IL on December 27, 2000 at 01:28:28:
They can be.
The difference to me is the due diligence needed on them.
You need to thoroughly check out the HOA and its rules etc.
What are the fees?
What do they cover?
Any assessments coming up soon?
Who runs the HOA?
Do they allow “Rentals”?
These can be done, but again, you need to check out EVERYTHING you can before you proceed.