We have a condo. We like it ok but would prefer (next time we buy) to have more private space/yard/really wish we had a garage! Ours are set up as "quadraville" or 4-plexes, everyone has a corner house so that is nice, I don't really like the townhouse style myself. Parking is only annoying to me when I have groceries to bring in since we are on the "back" side of the building but we do have more privacy and our porch doesn't face the parking area so that works out ok for us. We do have some silly rules ( you get to read them all before you agree to buy) like only black trash bags (?who cares?), & we can't grill which sucks but then I'd rather not have some numb-nut burn down our building because they can't think to pull the grill away from the building either!
I think a lot of the good or bad depends on the management/condo board though. We are limited to 10% rentals (of the total # of units here) at any given time unless you were renting before they enacted that rule ( then you are grand-fathered in and can continue to rent out your home)

Pros:
No yard work, nicely manicured lawns, pool with all the maintenance, no shoveling, trash picked up, etc
Lower home insurance
No outside work to do: gutters, tree removal, siding is washed, all outside repairs are done.
We have firewalls so no noise from our neighbors unless they are nailing something to an adjoining wall

Cons:
condo fees every month (offsets the insurance savings)
silly rules like black trash bags only....lol
possibility of paying higher dues or losing current things/perks because of items voted on by others.
EX: last year they wanted to put in stone patios behind all the screen porches which would have cost us another $40-ish a month on top of our regular dues, many people had already put them in with their own $$ though so it got voted down.....also the pool cost more to operate this year because of new city rules on how often testing has to be done, etc which caused some to want to shut it down rather than pay any-more for it.
*Any given item /issue may be important to you but it won't be to someone else.*

HTH
-Lori