There are so many factors involved.
I have a couple of clients who have some extra cash and want to buy a rental. I know the exact complex I want to put him in which is not inner city but will fetch $1500+ a month for rent with a mortgage, taxes and condo fees being under $1250.
As you move inner city the prices go up but so does your rental potential. Assuming the market doesnt fall apart a 400k property will appreciate more than a 200k property (generally speaking).
If your looking to flip within a few years I would suggest inner city. Condo/Home...whatever suits your lifestyle more. I dont buy into the concerns over special assessments as a condo document review can help prevent a large SA and spending a few thousand over a few years isnt all that bad when you consider the potential for having to replace a furnace, roof, hot water tank, windows, etc on a home!
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