Building MF vs Condos for rent? Expensive Cities)

[Gi'angelo Bautista]

I noticed that condos have a higher price per sq ft than multifamily units in the San Francisco Bay Area. I.e Multifamily would trade at $500-$700/sq ft, but condos trade at $1,000/sq ft. Is it better to build condos or multifamily for rent? Are there problems with refinancing? Also, is the construction different with multifamily vs multifamily (aside from the finishes)?

One of my old brokers (he is very wealthy) would build low rise, mid rise, and high rise condo buildings to keep. I heard he kept it for at least 10 years to get passed the liability.