Yea but their condominium fees are super expensive. I know this because my relatives owns like a couple of buildings. I have seen condominium fees as high as $1400 a month.
Investment wise, area with low crimes are the best. Just my assumption but price can relatively be high. You sure don't want to buy a house in a terrible neighbourhood with crimes and high rate of house robberies.
There are alot of these. It's hard to judge the factors as it can vary from price to neighbour issues. Best would be to have a talk with the tenant to negotiate a better possibility.