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Updated almost 8 years ago,
Condo in association that currently has 51% of the units rented
I fount a good cash flowing condo in an association that already has a lot of rentals 51%. My concern is that if I have to sell it in the future my pool of potential buyers is limited to investors only since it is difficult to obtain financing for associations that have over 50% rentals. Fanny and FHA guidelines. So what should I do. Buy or skip? Total payments are $620 and I can rent it for $1,150.