Also a condominium with wood burning fireplaces seems risky to me, because I have never seen one. 

To be honest I don't know much about condos but I'm sure someone here in Las Vegas that is good with condominiums could chime in and help out. 

Thanks for responding so quickly, I don't know too many people that invest in condominiums like myself.

Again this seems very high.Also, my internet is in and out, so apologies for the delay in responding.Monica:The above illustrates why I say CAP rate is misunderstood and misused.Firstly, the CAP rate is a meaningless metric on a residential property (1 - 4 unit, including condominiums).  

Individual condominium complexes may impose their own limitations as well so before you put down any money on these units, make sure you can rent them out and that you can even qualify for a loan. 

The general is as follows:-have a builder that owns a property with a partner on a British Overseas Territory-vacation destination with soon-to-increase traffic via increase in major cruise line stops-they have additional property to offer (at least a portion of) as collateral-plan to build 13 condominium units to sell (already permitted); builder claims to be able to construct in 5 months-looking for an individual or organization interesting in financing the project as a Joint VentureNeed an appropriate staging ground (perhaps within this site?)

November 2015 Houston Housing StatsHighlights:Single-family home sales fell 10.5 percent compared to November 2014, marking the second consecutive monthly decline and sixth month of negative sales volume for all of 2015;Total property sales dropped 10.1 percent (5,623 units);Total dollar volume decreased 13.5 percent to $1.4 billion;At $262,064, the single-family home average price saw its first decline since February 2012;At $200,000, the single-family home median price achieved a November high;Single-family homes months of inventory climbed to a 3.4-months supply versus 2.7 months a year earlier;Townhomes/condominium sales dropped 10.3 percent with the average price down 9.3 percent to $183,884 and the median price down 15.2 percent to $130,000;Leases of single-family homes rose 7.5 percent with rents up 1.9 percent to at $1,707;Leases of townhomes/condominiums jumped 8.1 percent with rents flat $1,527.Great time for investors to buy right now before the Spring frenzy starts again.

My second listing that I received was a condominium three stories two bedroom, one and a half bath with finish basement truly a beautiful condo for a young couple.

Calgary may need to slide further into its cycle before the timing is right to flip, or pick-up right-priced rental properties.TO is just expensive overall and is harbouring a pent-up glut of condominiums which, if unleashed, could make for a bumpy ride.

At that price point, my guess is you will be looking at condominiums for the most part.Outside of Seattle, then you can start looking at buying more in your price range.