These are typically more expensive but can be more profitable.Condominiums and Townhouses: These can be lower maintenance compared to single-family homes and multi-family properties, as HOA fees often cover exterior maintenance.

And of course make sure the property is comfortable and clean.As for cleaning & maintenance, I found few companies who can take care of that.

@John Bertolonfollow the requirements of your leases and local lawthere may be deferred maintenance if this is a new acquisitionif you don't want to deal with it yourself hire a PMgood luck

I am located in FL and am not sure of the requirements necessary if we keep it as a single lot regarding forming an HOA, maintenance of the common grounds etc. 

You're lucky to make 100 per door in Lethbridge once you factor in maintenance, appliances and cap ex. 

I bought in downtown Rosarito in the condo complexes as i felt it would be better than buying a home since we dont live and minimal maintenance. 

I personally don't like using a % of rents of maintenance cost, realistically speaking an older unit with lower rents will have higher maintenance cost than a newer/nicer unit with higher rents. 

You only need a place to track tenant information, payment history, maintenance, etc.

Their maintenance is horrible and expensive and when you call them on things, they blame it on "contractors.      

They have maintenance on staff and he's an investor himself