Sunny States Sub 40K Condo Markets

[David Avetisyan]

I'm interested in sub 40K condo's located in the sunny states. 

I'm aware that HOA's along with surprise assessments can kill margins and not all complexes allow non owner occupancies, but with all that in mind, I want to hear a little bit about markets these type of apartment complexes are thriving in.

Keywords: Fresno, Sacramento, Arizona, New Mexico, Texas, Las Vegas, Florida

Thank you in advance for the feedback!

[Fred Heller]

My advice is to stay away from sub 40K condos in the big cities in Texas. You'll be buying nothing but headaches, probably a bad HOA with lots of delinquent dues, so they don't keep the property maintained.

As far as small cities and towns, I can't speak to that.