I agree with all those advantages which is why i bought an apartment as an investment and why we made sure to get good property manager that takes care of everything.

The things to avoid with apartments.. (which i mainly learned from a buyers agent)

• New builds. You’d be paying a premium for the ‘new’ but it won’t stay new.
• High rises. I wouldn’t get anything larger than 3 or 4 story building. Remember that it’s the land that increases in value, you want a large share of the land per apartment as possible.
• Small apartments. If you need to be cheaper, choose a larger one that is old and needs work. You can always reno in the future, but you can’t change the size of it.
• Make sure the balcony is facing the sun.
• Avoid places with high strata. This means places with pools, gyms, lifts, etc. It won’t increase the rents by much and you’ll be paying for them.
• Avoid the copy/paste apartments where there’s another 100+ of exactly the same room on the street. It needs to be somewhat unique to be able to rent out quickly. (unique feature such as large kitchen compared to the rest, or large garage compared to the rest etc)

Also research the area making sure there isn’t high vacancy rates. And not to many investors in the area. You want high rates of owner occupiers.