Condos come with less responsibilities and more convenient to own and use as rental, but history and market trend has shown Single family residential, comes with more equity appreciation and higher Cash flow. 

This is not entirely a reflection of any group, as market cycles happen. 

Has the wealth manager been able to generate a higher return compared to a complete stock market ETF?

I work out of (and invest in) the Greater Pittsburgh Market.

After being a landlord of 4 doors for years, my wife and I decided on selling our property in the insanely hot Colorado market, and we set out on a road trip to find our new home.

yes, this requires some math - but that's your actual capex.  3% a year probably won't cut it.and - i don't know this market, but i'm skeptical that something turnkey will actually cashflow $600-900 a month. 

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Nothing has been on market for more than 45 days within a mile of campus. 

Because of common marketing strategies by the industry, their expectation is that a lender will provide a loan at 70%-80% of the value of the asset after its been repaired, upfront.

I like your pro #6 comment of using arrived to explore a new market, as I was thinking the same thing.