Single/Multifamily Homes VS Condos HOA etc.?

[Javier Perez]

Im from the South East Florida area. Im looking to purchase properties to hold and rent. Ive been trying to figure out if I should buy single family, condos or multifamily. Out of the many different variables that go into that choice one that I keep debating is the following:

I hear a lot of people tell me to stay away from Condos because of the unpredictability of HOA fees. Which I agreed with a bit. However, I started thinking. In my area, home insurance rates are through the roof. Obviously hurricanes. Depending on the age of the home they might not even insure it or you jump straight to government-funded or backed insurance.

That alone can equal up to the cost of an average HOA down here and sometimes surpass the monthly cost of an HOA.

I have one property (single family home) that I pay more monthly on home insurance than I pay on HOA in 2 office condos I own.

I dont know much about Multifamily since I dont own any but I can only assume the rates would be even higher.

Im only speaking of home coverage not liability ... 

Any thoughts on that? Maybe some other south Florida investors?

Thank you... :)