There are pros and cons to owning any type of investment property, but here in the recovery phase of the Great Recession, condo ownership has become a popular choice. The reasons for this are pretty simple. With many ex-homeowners and renters downsizing their lives, condominiums offer a more affordable and low-maintenance alternative to renting an entire free-standing home. For a person investing in property, this means a bigger market of renters.
But there are some cons to owning a condominium as an investment property that should be considered before you sign on the dotted line. It is easy to get caught up in a market frenzy, but by now we should all know the results of not doing your homework before buying any property -- especially if your goal is
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