Estimating Maintenance Costs for Condos

[Jim Herbst]

What are your thoughts on investing in condominiums as part of a buy and hold cashflow strategy?  Specifically, what do you estimate maintenance costs to be when a condo association covers exterior maintenance, lawn care, and snow removal?

Even though you can find condos at bargain prices in top-tier school districts in Columbus, I am often hesitant to commit to condos simply because you are at the mercy of increasing condo association fees.