heynot sure if this is the right subforum, excuse me if it's the wrong one.i'm thinking about investing in a rental property, long term rentals. i'm having troubles deciding what is the best option, a condo or a single family house. a few relevant details - i will be buying the property 100%- i will hire a property management company. worth mentioning also that i am not living in the us.- just to give a sense of what kind of property i'm talking about, let's say the current plan is a 100k property in orlando fl. from what i understand, to pros of owning a condo is that most of the outside repairs are being taken care by the hoa, which means less troubles, downside is of course it will cost me 200-300$ a month (rough estimate, looking at the properties i checked so far) and from what i understand condos appreciation tend to go up less in time.so my questions boils down to the difference in repairs cost:- usually the rule i hear about allocating money to repairs is 1% of the house values. is that value the same for both condos and single family?

I'm just curious why title company still asking for my marital status

I'm a software developer and have worked with a bunch of REI companies that use Carrot. 

@Scarola Markson When you say a closer, do you mean a title company/lawyer?

Look up 1031 exchange companies in Chicago.

So i hired a property management company to take over while I moved away. the tenant moved in in May. my first repair bill was for $447.02 the next bill was for $734.32 that was for home depot to pay for the first repair bill. found out that the 442.02 was for labor only.

I am from England, so my questions might be culturally related.Question 1: “Ghetto areas” in LA

I’ve found a few promising properties in LA zip codes that, according to Best Places & City Data, have high levels of violent crime.In the UK, we’d call such areas ghettos and they are not worth investing in, as the tenants lack income, the monthly rental prices are low, and the property management companies provide a poor service.

Focus on learning the business and/or find a great property management company to assist you.Find the ROOT CAUSE of the vacancy issue and focus on resolving it!

On your lease get the contact info of their company command team. 

Luckily I have a broker/realtor who will let me work under his company.