Condo investment

[Maria Mendoza]

Would buying a condo in a great area of town be a bad investment? When trying to obtain financing the lender strongly suggested against buying a condo. I thought it would be a good idea since it was in a popular area of town and could generate high rents. He mentioned the lower likelihood of obtaining financing, too many HOA rules, and the inability to resell. I thought I could use this as my primary residence since I have no children; and place it on AirBnb while I travel and when I'm done, just rent it out. Any thoughts?