I would say no unless you think your market has peaked. 

I want to treat this as a business and have just recently had my curiosity peaked regarding notes specifically because they don't involve the stress of repairs.

I also believe we're at the peak now and teetering on the edge of another housing bubble that is tied to a general economy bubble but that is another discussion for a different time.

Bye....  

First, watch an episode or 2 of vacation house for free on HGTV.They take all your holding cost; mortgage, insurance, utilities, PM, etc.Determine the peak rental weeks and calculate how much they need to rent each week of the prime rental season to break even.You can bump this number up or rent for other events to do better than break even.For instance my Lake house is near Clemson University so I get top dollar for football game weekends and graduation.I also get renters in the winter.If you added a hot tub and have a fire place you may extend your peak season.Also check other properties in your area on homeaway or VRBO to see what the going rates are for a similar property to see if the numbers make sense.John

., I'm in the midst of a 1031 and since the market is so hot I strongly suggest you find your replacement property first before closing on sale of current property as the 45 day ID period will fly bye. 

"Existing home sales have peaked."

That will peak interest and get some showings.Of course at this pricepoint most buyers have agents. 

Remember in the typical 7 to 10 year peak to trough cycle that weak suburban to rural is last to recover but first to fall in a down turn.

If your condo value is still so low relative to the last peak I think I can guess which one it is, and it might have something to do with litigation and perhaps the condo not being warrantable.