Buy a condo, then sell later VERSUS rent for a year + ?

[John G.]

Hi all,

I'm considering moving to another city for my first attempt at a fix-n-flip. I had planned on renting in this new city for at least a year during the entire process. But I've recently started thinking that it might make sense put a down payment on a condo in lieu renting. 

This way, after a year (or two), I could sell the condo and recoup some $$$ that would have otherwise vanished towards rent.

In this scenario, let's assume mortgage/taxes/insurance on the condo is roughly the same or slightly higher that rent/insurance on an apartment.

Makes sense to me, but maybe I'm missing something...?

Thanks in advance all!