Investing in Condos Pros & Cons

[Marion Rice]

I’m a 25 year old Active Duty Sailor and I bought my first property in 2018. 3 bed 2 bathroom (2 bed & a loft). My condo fees are $240 and I feel like they are high and impeding my potential cash flow.

My immediate goal is increase cash flow.

1. Should I keep my already purchased condo and try to squeeze out possible cash flow and possibly refinance down the road?

Or

2. Should I sell it and be aggressive towards other single family homes, duplex, triplexes, etc?