January 2016 Houston Housing StatsHouston Real Estate Highlights in January Single-family home sales declined 2.1 percent compared to January, marking the fourth consecutive monthly decline;Total property sales were unchanged at 4,965 units;Total dollar volume was statistically flat at $1.2 billion;At 262,663, the single-family home average price reached its highest level ever for a January;At $200,000, the single-family home median price also achieved a January high;Single-family homes months of inventory climbed to a 3.3-months supply versus 2.5 months a year earlier;Townhomes/condominium sales rose 15.6 percent with the average price unchanged at $183,076 and the median price up 2.4 percent to $140,000;Leases of single-family homes rose 2.8 percent with rents up 4.2 percent at $1,742;Leases of townhomes/condominiums climbed 12.2 percent with rents up fractionally to $1,568.

I realize that condominium would be harder to get, indeed there is less work to do, and margins are lower than in a house reno.

I am currently interviewing HOA management companies for a 96 unit condominium complex in Raleigh, NC .  

Well I bought an office in a condominium - The tenant decided to stay  and I really like the fact that  the condo takes care of the outside and all I have to take care is the bathroom ( there is no kitchen )  - So unless the toilet breaks it is maintenance free.

There is one that is a condominium building that is being marketed to investors, they guarantee you a tenant for a period of time and offer certain property management services.

I am interested in investing in condominiums and renting them out.  

Looking for advice on this deal as I have never done a commercial deal.Property type: Mixed use condominium (nonconforming use variance) 1500 sqft beauty salon lease expires next year, they are asking for 4 year renewal, 500 sqft storage stable income long-term lease, parking revenue in a poolSize: 2000 sqftPurchase price : $600,000NOI: $48,000 (7.5 cap, NNN)Location: Honolulu, HICondition: Good, HVAC just replaced, needs $10k in improvements to flooringI'm interested in the property because it's a high cap rate for downtown Honolulu.

Prior to that, I lived in the Chicago area and own a condominium there since 2007.

As the Treasurer of an Owner Managed HOA (12 unit condominium), I co-sign the above tremendously.

. -- (1) "Real estate" means any interest in real property that is located in this State or elsewhere.(2) "Real estate" includes: (i) an interest in a condominium; and (ii) a time-share estate or a time-share license, as those terms are defined in § 11A-101 of the Real Property Article.