Condo vs single family for rental investing

[Dawn Gorka]

Hi, I’m Dawn and live in Fort Myers Florida. I’m new to investing and want to buy my first investment property. Any advice on single family vs condos?

[Account Closed]

Adding my limited personal experience with SF rentals in Fort Myers. I put my first offer on a SFH in a non-gated public golf community. All of the paperwork, advertising, and both real estate agents said there were no ST rental restrictions. I dug deeper online and found additional covenants and restrictions that were not disclosed. Made a few phone calls to volunteer HOA board members and was fortunate enough to find out in time that the community had a clause that rentals had a one year minimum term. Some owners were breaking that clause, but I was not interested in pressing my luck. Found another property in a more desirable location with clear one-month minimums and no obfuscation.