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Updated over 2 years ago,
Condo vs townhouse/house
Any thoughts on beach condo vs townhome/house for a STR investment property? Looking in Gulf Shores area.
Condos seem more available for purchase, and also often come with better views/accessibility to the beach. But single homes or townhomes seem to have better value and be perhaps more desirable as a rental property. Although we would not be able to purchase a home with the same beach views as a condo for similar price. I know condos also come with more complexity with HOAs, and mortgage terms as well. Would love to hear any thoughts on pros/cons of each? Thanks!