HOAs read the fine print and read again 2 to 3x times a few common things to look out for with condos in general:*Are you allowed to rent it out right away in some cases they prevent for a duration of time*How are repairs handled*The HOA is it run with the feel of a community or like an iron fist dictatorship*HOA fees have they been relatively stable or consistently climbing*Any sign of new construction that could compete with your investment*Any new business development in the works say a strip mall etc that could drive up demand for your potential unit post purchaseThe deciding factor is what you are comfortable with after all the facts are laid out.

I think small towns are hit pretty hard and most close up pretty easy until someone says hey I can use this old factory to start my business and the taxes will be super low in this area, and because the area is stressed the wages will be super low....and wham......Small town comes back......then some celebrity moves in cause its the it place and blam all property values skyrocket and the system starts over.

I pay the extra $10 per cabinet to have the factory assemble them.

Boots on the ground is a huge factor. I

I have my Realtors license and I work full time at a factory.

An extra $100 a month at a cost of even $4,000 is $1,200 a year in additional income a year, but worth between $12,000 and $24,000 (10 & 5 cap) on sale which is a great return on your investment.So I think the deciding factor is what is your business plan and what is your cost associated with both options.I also agree with @Theo Hicks to always pad the market vacancy for your underwriting a couple of BPS.

If you will be living at this place there is an emotional component which might justify you going higher in price to win the property.If this is an investment for long term buy and hold for rent income then it is less emotional and more about dollars and sense.Another factor is velocity of deal flow in your area.

I have no financial background so that's probably a factor. I

Just thought id share my input on this issue since i ran into this about 2 years ago myself when i first switched all my text and such through google hangout over the factory messaging service. 

Palmetto Adhesive just tore down the dilapidated back end of their factory/plant.