Quote:
Originally Posted by Geckos_Rule
This is starting to get off-topic, but it's crazy to me that people would buy in here purely as an investment. For the most part, a $500,000 house will rent out for the same price as a $500,000 condo. And for the most part, the property taxes are the exact same. But, the condo will have exponentially higher HOA fees (if the house has them at all), leaving less cash flow for the owner....
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But...renting out a condo is much less hassle than a stand alone home. Walls out are taken care of by the HOA which is a huge plus--no roof, yard and the like issues. And, HOA fees are tax deductible for the rental.