When working on my CAPex assumptions I had the thought that perhaps the expected maintenance may be lower because the Condo Association handles the exterior maintenance for the property. the idea that the CAPex calculation should be different for condos vs SFR's incorrect?

My assumption is they use that terminology to exclude pop outs/awnings/etc from RVs, etc....

How To Buy With Zero Down • How To Buy With Low Down • Obtaining Capital to invest • Conventional Refinancing • Buy & Hold Rentals • Buying Notes • Mortgage Wraps • Loan Assumptions • How To Find Great Deals • When Does Partnering Make Sense • Investor Insurance • Deal Analysis • Marketing/Finding deals • Managing Contractors • Scopes of Work • Fix & Flips • Materials Sourcing • Short Sales • Probate/Title Issues • Tax Sales • Foreclosures • Dodd Frank Guidelines •Land Contracts • Wholesaling/AssigningHe did say though, that for $25,000 to $50,000 he will represent me if I did it wrong ;-)Point being, there is a lot more to Subject To and Lease Options than paperwork.

Anyone can mess around a little bit with assumptions (conservative or not) and make a spreadsheet pop out a nice ROI. 

I was under the assumption that either way you are basically paying the fees and everything yourself but are actually closing with the cash buyers money not your own.

The assumption there is that consent and disclosure took place.

I imagine all those "details" also determine whether or not it qualifies for a short sale, or am I way off base with that assumption?

Invalid assumption...these properties will not have similar returns.Many investors would rather have fewer properties and more units for direct investing and more properties (which means fewer ownership units per property) for passive investing, but this is unrelated to your question.

I analysed my two (2) first properties last evening, with some assumptions made about rehabs amounts and condition of the property. 

This makes me much more comfortable and confident when making assumptions (i.e. rent prices).