basic questions on On-Your-Own homes

[James Kim]

Hi all,

Just wondering if anyone has any experience with Own-your-own (OYO) homes? Doesn't seem too different than condominiums other than by legal name and designation. 

As all the websites I see talk about "possible stringencies with financing," I would assume the biggest downside is the possibility of selling the property in the future if need be? Otherwise, are there any other pitfalls I would need to consider when thinking about investing these as rentals?

Thank you!