What to do with already bought Condos

[Kees Boer]

Hi, you all. 

About 2 1/2 years ago, I got a inheritance from my dad's passing. Though I would rather have him than the inheritance. But he's fine though. 

So, I invested in 3 condos. In the mean time, I became a director of one of the condos. 

I am a missionary in Bolivia. I hire local missionaries, and my purpose for buying real estate is to have positive cash flow, so that when I die, (which has happened with everyone in my family before me)  So, it's bound to happen to me too. But the goal is so that when I die that this real estate will continue my ministry. So, all the cash flow that I make is reinvested into other real estate. 

Now, just recently, I've been hearing a lot of negative comments on investing in condos. The good thing is that thus far, the condos have gone up in value about $25,000 in the last 2 years. The last one I bought real cheap and fixed it up and I understand that it went up in value about $10,000. I put about $2,500 into it. 

Would it be good for me to sell the condos and invest into a quad or family houses? I have about $160,000 value in the condos, maybe more. I have a Real Estate agent, who manages the condos for me. 

If nothing bad happens with them through the HOA, I'm pretty happy with them, but at the same time, I don't want to be in a situation that all of a sudden there is a huge problem with them. It's important for me that it is passive income.

P.S. I just returned to Bolivia and wanted to relog in, but I forgot my login credentials and I had to create a new account. (But I'm the same Kees as before)  :-)