Condo Hotels

[Michael R.]

Well after investing for several years in ghetto and low income areas I am looking to branch out and get some nicer units with some hopes of appreciation. I have ran across some hotels that sell units. Basiclly you buy the unit and own it but the hotel will rent it out for you and after taking a cut forward you the profit. You can also live in the unit yourself or rent it out yourself on a long term lease. I looks like an ok idea if you can buy at the right price. Does any one have any experiance with these?