Advantage/Disadvantage to owning properties with the same HOA

[Erik Sherburne]

For those that invest in condos/town homes any opinions of the advantages or disadvantages of owning multiple properties in the same HOA? I have two now and looking at a third. I have two others in different associations and a SFH as well so I'm "diversified" across the HOAs but to have three would make it less so. There is a convenience and familiarity factor of adding properties that I like.