Investing in condos

[Damien C.]

I've heard a few people here mention their preferences for SFH's over condos as investments. And I believe some folks have justified this preference as a matter of control over their property--i.e., while the condo-owner is in full control of the unit, an association controls the building, etc. I imagine it is troubling to some investors when there is a special assessment, or when they simply do not like the building management.

I'm wondering about any other reasons for avoiding condos (perhaps issues with neighbors?). Also, I'd be interested to hear from folks who prefer to have condos in their portfolios.

Thanks!