Not a fan of condo's due to the strata... but i am interested in other options like freehold townhouses as well.

I'm not a fan of TK. 

If it's still damp now, rent a couple of commercial fans and dehumidifiers to reduce the humidity. 

Being a big Audible fan the Famous Four segment is drumming up quite a bit a business up for Audible.com as I keep buying books and running out of credits lol.

Anyway cap rtes are thrown on here frequently and the way theya re defined on here befuddles me as I am used to the Walgreens / Targets of the world and ( typically A+ tenants in the 5 range A Multi family will get you high 6's low 7's in various markets ) cap rates determine value  eg...

single folks do tend to move more often/frequently and easily. 

Higher/more frequent repairs etc.... thoughts....?

I'm certainly not a fan of doomsayers and being motivated by fear, and no one can time the market; but I think it's not a matter of if, but when and how bad.

I'm on the rental services commission and I'm frequently going back to review new legislation to ensure we're doing things correctly.

I'm personally not a fan of the mentioned tactic, and frankly it has given real estate investors in my area a bad name.