Are Condos a Good Investment Decision?

[Mike Collier]

A close relative currently lives in one of my investment properties but is looking to move in a month or so to be closer to her new job. Her credit isn't in a position to allow her to buy or even rent an apartment without having to pay a very large deposit which most require. [In comes the REI] She wants to live in a Condo so that she's only responsible for the inside of the home and not the grass, pool, etc. I'd be willing to Seller Finance it for her but I'm not sure if Condos are a good investment. I would look to BRRRR the property but I'm very concerned about rising HOA costs and minimal appreciation on condos (in relation to stick built homes.) Should I consider the condo and simply "buy right" or should I lean towards a stick-built home and use a PM to handle the stuff she doesn't want to do?