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Now - I believe real estate is one of the best investments someone can make. Not only am I a realtor, but I invest in properties also.Condos typically have HOA type fees to cover things like trash, common areas, ammenities and sometimes things like water, sewer, trash, ect. So look at what rentals are running in the complex. If you could buy the unit and live there for a couple of years then rent it out and BE CASH POSITIVE, then it makes sense. It never makes sense to be cash negative.If this particular transaction won't be cash positive, work with a realtor and see if you can find someplace that would be. If not, renting may be the best thing.
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