For comparison, the national inventory is at a 3.5-months supply, according to NAR;Townhome/condominium sales fell for a seventh straight month – down 9.2 percent, with the average price flat at $211,241 and the median price up 2.8 percent to $174,750;Lease properties staged another strong performance as single-family home rentals shot up 18.4 percent with the average rent unchanged at $1,746;Volume of townhome/condominium leases surged 16.7 percent with the average rent up 2.0 percent to $1,530.

I'm thinking of investing in a 2 bed, 3 bath condominium in Bridgeport, Ct.

You MUST do a title search.You should read this: https://easytitlesearch.com/which-liens-survive-a-florida-foreclosure/It has great information, such as: "...judgment liens, unpaid homeowner association or condominium assessments, liens for city or county services, and even mechanic’s liens by unpaid contractors who started on their jobs prior to the mortgage lien’s recordation all could survive the foreclosure sale and become the new purchaser’s responsibility."

Purchase price: $106,200 Cash invested: $32,200 3/2 Condo in Mountainside Condominiums What made you interested in investing in this type of deal?

Purchase price: $106,200 Cash invested: $32,200 3/2 Condo in Mountainside Condominiums What made you interested in investing in this type of deal?

Condominiums could be a bit over priced but not far off from last year.

However, after letting everyone know I’m in the real estate business a buddy of mine reached out looking to sell a condominium he has in south Atlanta.

It's a third floor unit in a condominium.

It is a condominium, not a single family home.

They will invite all the neighbors to a hearing about it and if there are any objections, they will deny your variance.An alternative to this that I have commonly seen is condominiumization where the land the home on is declared common to the association you create and then each house is deeded separately.