Condo/Apartment VS a SFH Based on Neighborhood

[Eric Morel]

I am preparing to launch a new Real Estate company. I am researching markets, building my team, and looking at strategies. When I started I was against apartments or Condos. However, when I plug in example properties into my calculations to see if it will cashflow. Condos and apartments du to lower price points pencil better for me. I am not ready to do the BRRRR method or to do crazy rehab. Starting conservative with turnkey or properties that might need some cosmetic fixes but are pretty much rent ready. I know I pay a little bit of a premium to do it this way.

I am finding more condos and apartments in my price range then SFH. The biggest difference though is the neighborhood. Most of the homes are in 1 star or two start neighborhoods. The condos. apartments are in 3 star or 4 start neighborhoods. I know HOA fees or other fees due to the property can be a drawback to condos/apartments

Anyone else do condos and have success for LTR???