Well, I haven't owned a condo for almost 15 years, but I imagine the pros are still similar. Yard work is almost non-existent, and you may have access to community pools, workout facilities, or a party house. Your neighbors most likely care about their units, so there's far less likelihood of dipshit neighbors, but inversely there may be an HOA nazi.
Obviously the benefit of a house is privacy (though neighbor/HOA nonsense is still abound, hence why I just bought 5 acres out in the middle of nowhere with practically zero deed restrictions), but at the cost of the time required to care for it. If you don't mind paying a landscaping company to care for the yard when you're gone that's easy enough.
As far as owning rental properties I helped my dad with a few of his, and while he pulled decent side income from the few properties he owned, he had one or two nightmare tenants over the years and kicking them out, and repairing the damages they left certainly left a sour taste in my mouth. The areas weren't the best, but they weren't hood either. Also, some communities may limit rental options.
Good luck with whatever you do.