When you go to sell, selling a downtown condo is possible of course but takes longer because it appeals to a smaller buyer pool than most other types of residential real estate.

So in real estate, if you are pooling money and they are not loans in order of priority, in 99.9% it is considered a security.

Given the age of the home and proximity to the water, the landlord’s insurance we qualify for is not that great.

They tend to work in more established neighbourhoods that are safer with a good, reliable tenant pool and they are a newer management group that is younger and well connected to the area today, using a lot of the latest technology to assess opportunities.

Roof leaks just suck because water damage is generally "bad." 

He did not give us items that we had already paid for: new HVAC, all new kitchen appliances, hot water heater.

My realtor provided a video of the drive into the neighborhood, a walk around the house and then through each room, garage and pool.

Since I bought this last property, it has been a headache, I have to go often to do repairs, the last repair was replacing a water heater of 75 gallons which cost almost $3k (too expensive).

In detached houses the tenants typically pay all utilities like water, sewer and trash, which often are common utilities in attached townhouses and condos. 

No turnover, no replacing the roof, the hot water heater, the broken AC, no vacancy, no tenant hassles, etc… pest control, electrical issues, plumbing issues, septic issues, no renovations from wear and tear (you get the picture).