Condo's as Rental Properties

[Dave Kapsack]

Hi, Re-reading "The Book on Rental Property Investments" - Branden Turner , I hit on the section about potentially using Condo's as rental properties. I have always shied away from this due to the board rules and the HOA fee's. Upon re=reading it, some good points were made for going this route, such as minimizing capX and having someone around to "watch" the property.

Looking for thoughts on this? For those of you that have gone this route what has your experience been? What area's would be solid for this type of investment?