Townhomes - the good bad and the ugly as an investment

[Charlene Stovin]

Hello all, thank you in advance for the information
I have been looking here in Texas for a potential investment; my budget is more limited (no more than $250), I am wanting to buy and hold. With the market here being crazy, and doesn't seem to be slowing down.....I think I need to consider alternatives to SFR.

I did read some older posts on Townhouses: besides the obvious (you are connected to someone), what are the drawbacks to investing in townhouses?

Do you pass the HOA fee on as part of the rent?

I don't really have the funds to buy something off-market (wholesale) and I don't really understand that process.  And, I don't have the time to renovate working two jobs (real estate, computer work) but I want to find something.  I can't house hack, I have my own home.  So Townhouses seem like potentially the way for me to get my foot in the door

Would appreciate any feedback - good, bad, or other
Thank you
Charlene