Good margins for condos

[Nelson Van]

Hey there you guys...

I’m looking into buying my first rental property and I’ve been running numbers in my area and have a few questions to see what you seasoned vets would think. These are strictly questions for buy and hold investments.

- Are lower margins for condos worth it due to not being responsible for the roof, siding, etc...

- Are there any decreased value on these properties due to the ongoing HOA fees even after paying off the loan?

- Are there any hesitations investing into these properties due to possible restrictions the HOA may have?

Any input would be greatly appreciated.

Thanks!