Should I buy a condo to rent out?

[Paul Nguyen]

So I plan on getting into the rental business. I noticed the prices of condo units are much lower than the single family homes in the surrounding areas. I am thinking it would be much easier to rent out a condo versus a single family home from a financial stand point. What do you guys think? What are some things I need to think about and research on if I go this route? What are the pros and cons?