I just need to figure out how to purchase it.

I am in contract on a duplex in Grandview where I plan to live in one side and rent out the other.  

But that’s exactly why consistency is everything.I’ve learned that the faster you figure out what works (and what doesn’t), the better.

Feel free to reach out if you have any questions!

But some believe condos are riskier due to potential mismanagement of the community by the HOA.As an out of state buyer seeking a low risk/maintenance LTR, are there any glaring downsides to buying and renting out a condo? 

Get moving on getting your advertising, application and leasing processes worked out:)

You want somewhere that provides training and and resources for you to reach out to for help when needed.

You will see more of these types of changes coming out of government, we can’t build all A properties at ungodly numbers for dirt and building costs!

And the simple act of owning 3-4 SF rather than 1 MF spreads your risk out as well.But before I get flamed for being the stodgy too conservative guy who ignores scale let me say that we have many many clients who will start out as SF investors. 

Unfortunately, since you are in NYS, you only have 15 days to return the security deposit, and getting a contractor out there for a quote (much less, three), is not going to happen.