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Misty Quaintance
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Condo vs Single Family Pros and Cons

Misty Quaintance
Posted

Looking to do a midterm rental. There's a condo available very very close to the hospitals in the area but no single family homes atm. I have dealt with a HOA before and have mixed feelings on them. I like that they keep the neighborhood up and at a higher level but obviously more rules aren't fun. I'm looking for any pros and cons people see about going with a condo over a single family home.

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Taylor L.
  • Rental Property Investor
  • RVA
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

High risk that a condo association will not see a distinction between a MTR and STR, and will implement 1 year minimum lease requirements. Condo neighbors tend to be even more aware of the comings and goings of their neighbors.

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