The reason I am anti condo for rentals is the control given to HOA.  

I just saw my parents do it and knew it was a good investment.

We (me and you) won't control that cycle, we just need to watch for the trends to find the deals.Yes, people will lose their homes over this, whether they unfortunately become a covid statistic, their spouse becomes a covid statistic, someone loses their job, et al.

(This is not a Section 8 unit, the whole building is controlled by HUD).

I’m going to turn 21 in august and currently live with parent’s.

If you can't keep control your finances, you are highly unlikely to succeed in real estate investing.

I cannot reform the whole industry, but I can absolutely control what happens within our doors.The Myth in the Math:INCOME (estimated):Average rent in our market is $1,200 a month218 doors X $120 per door = $26,160 X 12 = $313,920Most of our residents stay 3 or more years.

Since I know real estate, and its tax advantages, I know I can keep 100% control over my money and still get similar tax benefits by investing my way in real estate.

Thank you 😊 I’m a little desperate to buy because I am living with my parents and I have 3 kids.

Many states have instituted rent controls and more will likely join that movement now given the current economic environment.