My condo issue, is this true
I have a condo that I want to sell. I paid cash for it and now it has some very nice appreciation. My NOI is around 10% a month (wish i had at least 10x then this wouldn't be an issue). I asked my realtor if I should sell it and buy up like a quadriplex. He told me that it would be difficult to sell because I would need an all cash buyer. The condo is among many condos. The ratio of renters to owners is greater than 50% i believe. I know certain HOAs don't allow more renters than owners. I was wondering if it is possible to be sold to a person who puts a down payment and lives there. I am sure the all cash buyer can buy it too. Any thoughts? Yes I also don't mind keeping it, better than the bank, but Its a condo.