Pros to Owning a Condo?

[Jacob Maes]

I have been approached with buying a condo in an up and coming area close to Dallas, TX. I think it's located in a great spot and would easily be rented. However, I've never owned one and curious if they are a good asset to hold onto. Seems like they don't have great appreciation, HOA's eat into it, and hard to resell. I'm just curious what other's who own a condo think about them and if you think it's a good investment.