Can I rent out my condo later? What should I know before I count on that income?

Only if the building lets you, so check before you buy. Many Dallas associations cap how many units can be leased at any one time, commonly 15 to 25 percent, and some require you to live in the unit for a set period first. A leasing restriction only holds if it is written into the recorded declaration. If renting eventually matters to you, I look at the rental cap and your place in line before you commit, not after.