Buying Condos/Apartments with HOA?

[Chance Cooper]

I know a lot of you guys are against buying anything with an HOA due to it interfering with cash flow however…In Myrtle Beach SC you can get a nice Condo/Apartment for about 35-50k…My question is, if you pay cash for one and only have to pay the HOA fees and it stays rented all the time wouldn't this be a good investment?

I am thinking if I can get rid of the mortgage by paying cash and only have an HOA every month, keep it rented I would be good. If you have a mortgage and HOA fees then I can see the problem.

Thoughts...