Condo BRRR - Worth the effort?

[Deonte Hill]

Hello all,

I am a new investor thinking of purchasing a condo as it's the most my cash on hand can purchase. In your experience, has condos gained much equity after updating the kitchen and bathroom? This won't be a flip, but to rent out to section 8, but I'd like to get a chunk of change via cash-out refi so I can acquire another property. 

[River Sava]

As Ko mentioned, do you know if it is warrantable or non-warrantable?

Also, I would be wearly about the HOA fees with condos espeically if you are going to BRRRR this and rent out to section 8. Typically single family / small MF (2-4 units) will have higher appreciation.