Laketown Wharf PCB Condo Purchase?

[Anthony DiBenedetto]

Hello BP Community,

I am interested in purchasing a condo at the Laketown Wharf and was looking to get some general info on the area/condo itself. This would be my first investment, and I live in New Orleans, so it would be a long-distance venture. My goal here would be to use it purely as a STR, with my family using it periodically throughout the year whenever it's not rented. In terms of financing, I wouldn't be interested in the 20% down route. I've seen some offers for 10% down with excellent credit, which I have, so I would prefer to explore that option. Looking in the $250K and below range.

Regarding Laketown itself, I've heard there was some HOA issues. What were they, and have they been resolved? Is it an investor-friendly HOA/resort? Does anyone here own within Laketown and have experiences they'd be willing to share? Are there better options within PCB (or surrounding areas) that offer similar prices with comparable amenities?

Really appreciate any insights anyone may have.

Anthony DiBenedetto