Thoughts on leasehold units?

[Jeremy Segermeister]

Hi All,

Curious to get everyone's thoughts here on buying leasehold properties from an investment standpoint. I'm looking to purchase a condo in the $400-$800k range, and plan on making it a STR. Undecided if I will self-manage or hire a property manager.

I've been excluding all lease-hold condos from my search, but on second thought, maybe it makes sense? I know the property will appreciate far less, but the reduced price would significantly increase my cash flow.

Thoughts?