House-Hacking a Condo?

[Account Closed]

Hello all,

Has anyone successfully house-hacked a condo? Currently looking into buying a 2 to 3 bedroom condo in the SoCal area and was going to rent out the additional rooms; the plan is, of course, to live in the condo for a year with subsidized (or hopefully free) rent and and then eventually rent out the entirety of the condo after moving out. 

I've heard tons of stories about why condos can be bad investments (capital calls, HOA fees, appreciation issues, etc.); would house-hacking for a year with an FHA in a condo and then eventually renting out the entirety of the condo be a bad idea? Are there any issues with doing a HELOC or an refinance with a condo?

Also, side note: - would love to interact and get in touch with folks who have a sizable chunk of the portfolio allocated in condos.