Question : House or condo, for out of state rental?
We live in WA and are going to buy a rental property in Atlanta. The property will be rented out by a management company. My current thinking is condo would be better since the tenant can’t screw up the exterior too much since the condo association will keep an eye on it and will maintain the outside; and it would be probably cheaper paying condo fee since we don’t have to fix the structure of the property (The property we looked at are two beds with 950-1200 ft2 and low rise, price at 120k-180k, condo fee ranging from $ 250-$ 320, covering water, lawn, building insurance and liability insurance, garbage, reserve fund). But there are plenty of good deals on house in Atlanta and house probably appreciates faster (with land). Anybody can give us some advice and opinion on that? Which make more sense?
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Best answer:

Answer by Sharon T
Over the years I learned the hard way that rental property should be within a 5 mile radius of ones own home. Anything further is asking for trouble.

If you have strong reasons for purchasing across the country, you are right that condos have fewer maintenance issues and single-family homes are quicker to appreciate.