Detached "condo" as rental

[Bienes Raices]

This appears to be a detached small single family house in a community designated as "condo". The condo fee is only $150/year, according to the MLS.

I don't know why they chose this ownership structure instead of using an HOA (unless there is an error in the MLS listing).

Condos have a reputation as making poor rentals, but would it make sense to take a chance on this if the numbers work?

[Jeff Thompson]

A number of people on here invest in condo's. Just be aware the fee's can change, so factor that in your numbers. I believe for loans a "detached" condo one can use higher LTV than an "attached" one.

I don't know if these would fall under the same pitfall of low OO to rental ratio's or not that can be an issue with normal condos.