My offer for a condo (in a building with ~40 units) has just been accepted. This is my 2nd rental property and my 1st is a condo within a two-family condo/house.
Few questions:
1. What are the watch-outs in owning a condo in multi-family mid-rise? I’m already aware of high HOA
2. It was manageable with the 1st property but I’m worried about managing the 2nd. My work is usually busy and I’m thinking of hiring someone to manage both properties. Any pros and cons?
3. other suggestions?

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Watch for condo documents on rental restrictions (how many months is min, can you Airbnb, how many ppl you can rent the apt to, etc).

Also check HOA history and special assessment history

Got it. This is very helpful - thank you again

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