Topic Title: HELP! Rental Condos as investments?

First Post:

HELP! Rental Condos as investments?
My husband and I have been thinking of purchasing a couple of condos to rent out as an investment for us. Is this a good time to do this? We have been thinking about either Las Vegas, Scottsdale or South Florida, but are not sure if this is even a good time to jump into the market. We do not have strong real estate investing experience; our mortgages on our current homes have been paid off, and this would be a cash deal on our end.

Any advice would really be greatly appreciated. Are we better off purchasing properties in different states or all in the same city?

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