Hello Everyone,I am about to close on a 1 bedroom condominium and I got a letter from the seller saying that a company wants to De-Convert the building (consisting of multiple condos) into an apartment.

If you want to base your "investing" around something that violates a condominium's bylaws and city and state law , good luck to you.

Even look at condominium associations, some have just a few closings a year but they define the sales date for that development for the year, so it's all in the parameters.

My budget doesn't allow me to buy a house or a condominium so I might have to go with co-op.

HOA fees are 560 but the condominium has a waterpark, several pools, spa, fitness center etc.

(Except Federal and local government liens)“Although liens attached for HOA assessments, like all non-tax liens, are extinguished when a property is purchased at a tax sale,”Part 4 - Tennessee Condominium Act of 2008 — Unit Owners' Association§ 66-27-415.

Ask for the condominium documents.

https://www.har.com/content/newsroom/Houston Real Estate Highlights in November, 2023:-Single-family home sales rose 4.9 percent year-over-year, the first increase in 19 months;-Compared to November 2019, before the pandemic, sales were down 3.2 percent, and compared to November 2018, five years back, they were statistically flat;-Days on Market (DOM) for single-family homes went from 48 to 47 days;-Total property sales rose 3.7 percent with 7,472 units sold;-Total dollar volume was up 7.5 percent to $2.9 billion;-The single-family median price fell 1.2 percent to $326,000;-The single-family average price rose 1.0 percent to $404,597; -Single-family home months of inventory registered a 3.5-months supply, up from 2.8 months a year earlier – the highest level since November 2019;-Townhome/condominium sales experienced their 18th straight monthly decline, falling 3.0 percent, with the median price up 11.4 percent to $245,000 and the average price up 7.3 percent to $272,382;-Compared to pre-pandemic 2019, townhome and condominium sales were down 9.6 percent.

One of the developers told the story of a property in Dallas where tenants using the pool on the roof can order food and beverage from a restaurant on the ground floor and it will be delivered via drone.One area of surprise to me was the high-end condominium sales market is still very strong. 

I owned multiple condominiums in Cancun, Mexico.