The properties I have seen were attached with HOA fees that cover alot of the maintenance. They are in areas that rent well. The rent of the units would be on the low end of rents for comparable size properties so that should help them stay rented also. I think 25 to 35% for maintenance is a bit high but maybe I’m wrong.

The units that I like are selling at least 100,000 below peak prices and these units sold that high a few dozen times. My thought is if you are sitting on a bunch of cash getting 4 or 5% in the bank these units are starting to look good. At current prices they will provide 4 to 6% returns to a cash buyer, a tax loss annually and potentially a 6 figure upside in 10 years or less.