BRRRR strategy with townhomes?

[Tyler Smith]

Has anybody applied the BRRRR strategy with a townhome or condo? There are way more in my price range and in running the numbers I can get way closer to the 1% rule with a townhome or condo in the Seattle area than I can with a SFR, with that said I know the HOA can change their dues and rules at will which can totally make or break an investment. But I'm guessing things like capx would be much lower due to the fact that the HOA covers the big expenses? I would love to hear from somebody who has experience with something like this!

(with rehab I mainly mean update. Floors, appliances, cabinets ect..)