Should I buy my 2nd condo or not? I'm trying to decide what to do and am looking for thoughts. I just sold my condo in the Bay Area and took out a nice sum of money. I have a contract to buy a new condo in Reno that is under construction and should be ready in April. It has been delayed and I've been waiting since July. I paid 5% to reserve it and I can get out of the contract if they don't deliver in April. I'm renting in the Bay Area and working part time while I wait. I own another condo in Alexandria, VA where my girl friend lives. She moved there for a job and used to live near me. She covers most of the carrying cost which is mainly the HOA fee which is high since it's a high rise with a concierge, pool, gym, etc. Her share is about half of what it would rent for. I have had to pay some maintenance and upgrades. Both condo's are mortgage free. Together they about are 25% of my net worth. My original plan was to retire in Reno. I bought the Alexandria condo since rents were so high for her and I visit there every few months and stay a week or two. The condo has appreciated and I expect that to continue. If I rented it out full rate I'd make about 4% or so return per year on my investment plus the appreciation when I sold. Both condos are two bedroom, 2 bath. The one in Reno is a townhome style on the river just to the west. It's close to downtown and things to do. The cost to carry it is pretty low. It would probably also rent for about a 4% or so return after expenses. So my decision is do I move to Alexandria full time and cancel Reno and invest the money that I would have used to buy it or do I live part time in Reno and part time in Alexandria with the option to rent out or sell either one later if things change? What would you do?