Looking to buy a rental condo as an investment

I will definitely read through all of that.

Did you buy as an investment property?? If so, did you put down at least 20%?

you dont have to but PMI is a silly expense if you can avoid it. Condos are good investments in high priced areas but I cant imagine why it would be a stellar investment where you're getting it bc even if its below value, that maintenance fee you pay is not cheap even in old buildings its just a waste most of the time depending on what it includes. What is yours?

Also if its an older building could be dumping it bc a big assessment is coming. I have a vacation condo thats only 9 years old and they already want to remodel the lobby,pool area,etc and I have a $27,000 assessment due by may 15 for that, granted my building only has 28 units, but still thats the perils of condo living you can get assessed at anytime. Im not saying you're gonna get a $30k assessment but you could easily get a $5k one at any time. Id just inquire why the seller is going below market to cut and run.

as for 20% down I had to put down 50% bc condos where I bought were selling way above their appraised value. Its all based on the appraised value so if you're getting a steal it shouldn't be an issue.