Analysis paralysis - condo/townhome vs SFR

[Louis Barkhuizen]

Hello there guys and gals. I have been evaluating potential properties for STR in Port Aransas Texas, and have found two routes to go. Buy an SFR with no HOA to deal (ballpark SFR cost in Port A is around $400K), or buy a condo/townhome (ballpark cost in Port A around $290K)

From pouring over AirDNA data I see the SFR's on average earn slightly more revenue than condo/townhomes, but not a significant difference.

My ROI and CAP will be much better with the condo/townhome, and I can use the remaining funds to buy a second SFR :)

So my question is: is it worth dealing with potentially problematic HOAs in communities where SFR are allowed (eg. not taking care of deferred maintenance, or lackluster landscaping, etc). I have been advised by fellow investors to stay away from condos or townhomes.

Thanks for any replies.