@Jason PedersenYes, 2.375% is the on going rate here in Southern California.

Still going on. . . . Going

It's easy to obtain, costs very little, and doesn't require additional, ongoing effort to maintain.

Please review the fee and compensation information below.Ongoing Comprehensive Financial PlanningFees for Ongoing Financial Planning consist of an upfront charge of $250 - $1,000 and an ongoing fee that is paid either monthly or quarterly, in arrears, at the rate of $250 - $750 per month ($750 - $2,250 per quarter). ​

Congrats on going so long without encountering this. 

Morning Bill from the banks of the Columbia River we dodged the tsunami :)  the opposite is true regarding Texasyou will have roof issues you will have weather issues in many areas you will have serious soil foundation issues and Tax's will go up and are very high.. what your describing of course is a poster child for why you must look at all angles of a Market your describing landlord heaven when it comes to on going maintenance and a state with No income tax like Texas and some of lowest property tax's in the US so when you add those all up the market you describe you can PAY more for the asset and in the long run come out just as well if not far ahead.. 

But you should know, property taxes get reassessed every single year, so that bill keeps on going up.

.- Is it better to buy a Condo OR a SFR here - which has better chances of appreciation in value, good net positive cash flow, and relatively less hassle for ongoing repairs and maintenance?

I'm planning on going down there to check it out in a couple weeks. 

is an on-going debate among investors.As you now see, the correct answer is do both - find investors while you look for deals, find deals while you look for investors.As others have noted, it is difficult to “cold contact” potential capital source - your first contact is “I got a deal and need capital”.