Buying a Condo in Tampa? Pros and Cons..

[Krystof Pilisiewicz]

Hi Everyone, I wonder what are your thoughts on buying a congo in the Tampa area and renting it out. I am planning to do this but my mortgage lender said that when comes to condos they require a 30% downpayment because of the foreclosures they had in the past. He advised me on NOT go with this plan. 

However, I want to hear from you what you think of this? Any landlords that rent out condos can advise on their experience?

Thanks!