Thoughts/Experience in Condo Investment?

[Mark Sinclair]

Does anyone have any thoughts/experience on condo investment properties? Seems like it is a mix as I go through some of the old forum posts, but wanted to bring back up the conversation. Yes the HOA is a fixed cost and yes there are some associations that don't allow leases year round. Assuming the building allows long term tenants and HOA is considered in the cost per month some numbers seem to come out in the 5-6% CoC return. For a low barrier of entry for someone new to REI was looking to see if there are thoughts or experience in condo investments? Thanks!