Condo fees can also increase at the drop of a hat or they can hit you with a special assessment to pave the parking lot, roof the building, or some other major expense.

Taxes, water/sewer, poor insulation (high heating costs), and low ARVs are the major challenges.

I know the capital/liquidity would be the same but I’m wanting to know the major advantages of one over the other.

With multiple room mates, when one leaves, the landlord retains the full deposit until the last tenant departs.

Would you recommend weekly cold calls to get more immediate replies (majority probably wont be happy) or monthly? 

This will be a major factor in deciding which flag to go with.Marriott and Hilton are the darlings of institutional capital and are easier to finance but they are expensive in terms of franchise fees, royalties etc.

@Jim David Is 100% correct, the age of properties around here is the major wild card. 

I typically buy B or B+ to prevent major rehabs but this is a C- property.

If you are going to be Hacking a House, spending cash on remodeling, major repairs, or a large purchase such as new appliances.

Not scared of a major rehab if the price is right.