This document provides tips and considerations for investing in condominium properties. It outlines mistakes made by new condo investors such as not hiring a lawyer or accepting unexpected closing costs. Questions to ask before becoming a landlord are also presented, such as whether you have enough time for property management. Condos can be profitable investments if purchased in the right location for renting purposes and their affordability and low maintenance are benefits. However, condo association fees, financing difficulties, and slower appreciation can be potential drawbacks to condo investments.