A few pros: Easier management, lower repairs, lower capital expenditures, quicker turnover between tenancies.A few cons: Special assessments (Not super common in our metro area in large condo projects), more sensitive to economic downturns, more turnover than sfh, rising condo feesI personally own several condos in my portfolio, and they are my easiest properties to manage.  

If you live far away, professional property management is an extra expense you simply must incur to safeguard your investment.Experienced builder and property manager Rusty Meador notes, "No matter how good of a real estate deal you find, it is only as good as its ability to be managed well."

Most issues are not time sensitive, collections are not on a minute by minute basis or even hour by hour.

Not that I am into that side of things as I have a property manager, however I have heard of others using it.legally, wouldnt 'play' with excuses to discriminate (ie, telling families their reference check didn't clear meanwhile 'preferring' studens for the unit or house) unless there was a bona-fide loophole to do so (ie, a statute allowing for an owner to Prefer Students for their Rental House because the owner is also a student living in the house). that's simply a risk i would not want to take unless i had a legit, legal reason for preferring students over any other family status for my rental house. labelling a rental property as 'Student Rental House' could have repercussions if not planned legally; ie back in college i stayed in 'Student Housing' but it was Off-Campus Housing OWNED by the university; i've never come across 'Student Housing' rentals unless it was a frat/sorority house or one owned or officially associated with local educational institutions. would love to see a loophole in your jurisdicton that allows for independent rental unit(s) to be dedicated to specifically students. ie, u could make a strong argument that for a 2 family house, the students in one unit might seem too noisy for a quiet, sensitive elderly coulple already living right below or smack next to them - or vice versa.good luck and by the way i do like the idea of what you are doing: at least considering mixed housing although yea there could be a conflict of interest and perhaps that could be your argument for preferring students since students might party often as compared to say, elderly families i guess?

.#5 should be more of a statement, something like 'Each Adult will pay a $25 application fee'I would guess that the woman either doesn't want to pay a fee, or she doesn't want to have to reveal some information that is sensitive to her.

And I can tell you that a non-smoker who is sensitive, who comes to view your unit will absolutely smell that smell, even if you have cleaned and painted. 

I really think the odor was from the previous occupant's animals (as it was problematic with the lower cabinets and not really the uppers)- and because we didn't have animals I was more sensitive to the smell. 

Some of you are pretty sensitive.

The property managers to whom I've spoken so far appear to charge a % fee based on gross income so that wouldn't be sensitive to # of doors.  

Beyond Tenantify doing all the legwork of verifying what they state as income, I'm not handling SSI, and tenants often feel it's a bit more secure doing it themselves online (which they should given how loose most agents and realtors play with sensitive financial data).