That does not mean that there is an "HOA", or "Home Owner's Association", but there will be a Declaration of Condominium on file, as well as monthly assessments.

And making money in America is most definitely a team sport...there are almost no divorced or widowed millionaire households in this country led by someone willing to say their former spouse didn't contribute to their millionaire status significantly.

For comparison, the national inventory is at a 3.9-months supply, according to NAR;Townhome/condominium sales ended seven months of declines with a flat sales volume of 595 units, the average price down 8.4 percent to $203,751 and the median price down 9.0 percent to $163,000;Single-family home rentals surged 12.7 percent with the average rent up less than one percent to at $1,795;Volume of townhome/condominium leases declined 4.4 percent with the average rent up less than one percent to $1,586.

For comparison, the national inventory is at a 3.9-months supply, according to NAR;Townhome/condominium sales ended seven months of declines with a flat sales volume of 595 units, the average price down 8.4 percent to $203,751 and the median price down 9.0 percent to $163,000;Single-family home rentals surged 12.7 percent with the average rent up less than one percent to at $1,795;Volume of townhome/condominium leases declined 4.4 percent with the average rent up less than one percent to $1,586.

I’m looking into start investing in real estate somewhere close to where I live (Redmond, WA) but since I have never bought a property with the purpose of renting it ( the only thing I have ever bought is my house) I wonder if it’s a good idea to start with one of the few 1 bedroom, 1 bathroom condominiums that have recently popped up in downtown Redmond and learn the basics of owning a property and renting it.

The issue is I'm a one-income household with kids that don't leave a lot of time in the day. 

Currently, I live with my family in Boston, but I am looking to buy my first property.The Reason I Am Reaching Out:I have identified a newly constructed 3bd/2ba condominium unit, built in partnership with the City of Boston, located in Roxbury. 

Currently I find myself a sole provider for our household working a demanding job (Project Management).

I'm a one income household and am looking build a solid foundation for my family before I take on more risky investments. 

Surprisingly that has been enough to service our tenants, as each household has only one or two occupants, mostly retired.When buying appliances, I always have a conversation with a trusted appliance repair person to gather ideas.