Great question — and you’re spot on. Here in Florida, we’re definitely seeing some pressure on condo owners, especially with rising HOA fees, special assessments, and insurance hikes. That’s creating more distressed inventory and foreclosure opportunities, particularly in older buildings that need repairs or haven’t passed recertification inspections.

As for good markets right now:
Palm Beach County is currently one of the hottest areas — strong demand, solid rental rates, and a steady flow of foreclosures.
Broward and Miami-Dade are also very active, especially with aging condos facing financial strain.

Hillsborough and Pinellas Counties (Tampa Bay area) offer great long-term growth and opportunities outside of high-rise condos.

If you're looking for lower competition, smaller counties like Charlotte, Marion, and Polk have some hidden gems too.
Regarding your long-term strategy — yes, buying distressed condos or HOA-troubled units can be a profitable niche, if you do your due diligence.

You'll need to:
Research outstanding HOA liens and assessments (these don’t always go away after auction).
Check for building health, upcoming repairs, or issues with condo reserves.
Be cautious of condos with high investor ratios, which can affect resale and financing.
If you're interested, we also offer training and mentorship on how to safely buy at Florida foreclosure auctions — including how to vet condo deals and avoid common traps.
Let us know and we’d be happy to help you explore this path!