Sam is right, if you go 50% down and 50% loan could work. Does it make sense to go all in in cash? maybe...
If you have the money and assume that the unit will appreciate 4-6% per year.
My wife and I are thinking the same thing for us when she retires in 8-12 years. Let a tenant pay the bulk of the monthly cost including the hefty HOA. Even if you are $500 under per month on a rental, that's $6k per year, if you think they go up by more that much per year you come out ahead. Plus you can depreciate the investment and offset the loss on your taxes plus property taxes and HOA and proerty improvements, As long as they allow rentals you are good. better than waiting until you are ready and find the prices 30% higher 3 years hence.
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