You have a good question, one I am asked all the time.
In regards to Cash or finance the answer is both;
Cash will free up your monthly debt and allows for some extra money in the bank or for spending every month. Also if you own a property outright it is nice knowing the bank cant take your home from you, there is nothing to default (except taxes and/or maybe an association fee) There are no tax write off benefits with paying cash.
Financing is cheap these days, with rates as low as 3.25% in the recent months you can borrow for next to nothing. If you invest money you can have a much better return in most cases than what your interest would be. Also with financing you can write off the interest paid for your taxes. You will have a monthly debt to deal with.
So it comes down to a personal preference. I can help assess your needs if you would like some more information.
In regards to Condo or Single family again up to your needs.
Condo will typically carry a high(er) monthly fee to pay for insurances,trash,amenities, etc. and if something gets damaged and has nothing to do with your unit sometimes a special assessment will be added which you will have to pay part of. Typically there is little to no upkeep with a condo for the unit owner. You must follow set rules and regulations.
Single Family has a lot more upkeep and if something goes bad it is 100% on the homeowner to fix. Sometimes no monthly dues are expected and you can do pretty much anything you want.
Again a personal preference.
Call me anytime to discuss your options and I will help make sure we find the best fit for you.
Joe Stafford, PA
Keller Williams Realty
You can search on my website http://www.FortLauderdale-Homesforsale.com