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Investment Condo vs. Single family home (MI)

I am looking for investment / rental property. I am reading on Zillow that one shouldnt buy a condo instead buy a single family home. I have a fixed budget and was looking for a cash purchase. So I am not sure what should I buy and what type of rate of return I should consider.
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September 03 2012 - US
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Answers (1)

depends on the price you wanted to spend.  Condos would be cheeper than a home.  Homes would pull in more rent than a condo.  ETC. 

Homes are much easyer to sell and buy - condos sometimes have issues.  Some condos require the person renting to pass a board also.

If you can afford it - a home is a better investment than a condo.
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September 05 2012
 
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