Security
Less maintenance and more convenience
Amenities – clubhouse, pool, fitness center
Master Insurance policy
Uniform Rules and Regulations
Home Value, Unity with OthersSecurity
Parking restrictions
Pet restrictions
Potentially lose the ability to use a loan to purchase the condo if the tenant to owner occupancy is high. (which means you would have to purchase with cash only)
Condo fees can increase at any time
If the condo associations fees are mismanaged or get low, if the condos need any upgrades you could be assessed $24,000 or more that would need to be paid right away.