"What is maintenence free living?" I asked.  "Call me on Saturday when you pushing a lawn mower and I'll be happy to tell you." replied the already hip investor. 

More homeowners are opting for this lifestyle as townhomes and luxury condos are offering as much square footage as a single family home.  For the savvy investor, the trend means faster turn around and easier holding responsibilities.  It also presents multiple options as far as rental, sale and lease/purchase opportunities. 

As with anything, there are things to be aware of when investing in a maintenence free lifestyle.

1) POA/HOA monthly contribution.  How much do you pay per month toward your homeowners association?

2) Are there any legal actions from the HOA taking place?  This will mean assessments to the homeowners and, thus, more money from your pocket.  It may also bring to the surface issues with the building that may turn a solid investment into a money pit.

3) Parking is a big factor in resale.  Make sure you have ample and convenient parking.  Garage is the best, but will cost more at purchase.

4) Does the HOA include insurance?  This will either be a nice inclusion or an additional cost to factor into your holding the property.

5) Don't forgo the inspection and home warranty process just because it's a townhome or condo.

Hot Maintenence Free Opportunity - $289,900 | 2,100 Heated Square Feet | Garage | HOA includes insurance at around $250 per month.

Being one of the "savvy" investors, and I like to think I am, I recently traded in my lawn mower for a new grill for my townhome.  That's where you'll find me on Saturday.  Cheers!