Underwrite the condo carefully.
Location can support demand, but investment performance depends on purchase price, HOA expense, condition, financing and the rental rules in effect when you buy.
Questions investors should answer
- What is the realistic long-term rent for this floor plan?
- What do current HOA documents permit?
- Are assessments or major projects anticipated?
- How will renovation, vacancy and management affect returns?
- What is the resale audience and likely exit timeline?
Do not assume short-term rental eligibility. Confirm all rules and obtain professional tax, legal and lending advice when needed.