Aversion to condo investing?

[Jimmy H.]

I have noticed that the general tone from BP investors with ragerds to investing in condo's is generally negative.

Part of my LT investment strategy is to acquire investment property that cash flow in "destination" locales that I will frequent on vacations in the future. The purpose of this being - to take advantage of the tax deduction that allows yo to deduct two week trips per year to basically "check on your properties". (BTW kudos to rich for planting this seed in my head - this is one of his favorite deductions)

I figure it would be wise to acquire maybe some ski resort property and beach property, among other locales. Being that RE in these areas is expensive, a rental condo is often the cheapest route to go to acheive this goal.

This leads me to purchasing condos in these areas; As it will be a long distance investment this takes some of the concern for property management and maintenance out of the question, and allows for me to throw my condo in the "rental pool".

Noticing a negative sentiment about such investments here on BP, I would appreciate for some of you to detail the cons/negtaives of such a strategy (as well as the positives and other advice). I know rental pools are not the most efficient and neither is the maintenance/management provided. But it still seems that I could make this work. Or if any of you pursue such strategy, please enlighten me on how I can make this work the best.