"If you've been thinking about buying a co-op, condo, or townhouse, you probably know that you can't get much useful information from the books about buying houses. The obstacles you face are different--and often a lot more complicated. If you're not fully prepared and properly informed, the buying process and even ownership itself could turn into a nightmare.

Price and financial situation are only part of the equation, and it's important to understand all the factors before deciding what sort of home to pursue. Everything You Need to Know Before Buying a Co-op, Condo,...