Renting out condos/townhomes?

[Nolan Mahoney]

Hello, 

Just currious on your thoughts about buying a condo or town home and renting it out. Im just outside of chicago and in the suburbs and condos are not that expensive and i could make ok cashfflow from one. I know about HOA fees and alot of condos/town homes only alow a certain amount of renters, but on the flip side i think my CAP EX would not be as much because im not responsible for the roof, snow removal, yard keeping. any thoughts would help, thanks.