Condominiums in Palm Desert

[Pandu Chimata]

I recently visited Palm Springs, Cat City, Pam Desert and La Qunita to scout for investment properties. I saw quite a few potential investment properties. I like Palm Desert in related to all other cities though every city has their own unique potential.

Initially, I was exploring single family homes for seasonal rentals but most them I saw in my price point (around $400K) were not really great candidates for seasonal rentals.  I am trying to shift my focus on condominiums for seasonal rentals.

I understand - condos will bring their own challenges of - high HOA, CC&R, minimum vacation period restrictions, etc.

I am also looking on other side - they provide a package deal for vacationers to enjoy - such as - gym, security, golf courts, swimming pool, private walking areas,etc. 

Did any one has good/bad experience they would like to share in using their condos for seasonal rentals ? or the market has too many condos ? 

[David Jensen]

Thanks fellow Minnesotan @John Woodrich! and sorry for the delayed response.  :) I'm not sure if i should start a new thread, but was additionally interested in connecting with any property managers in Palm Desert, CA.  I've already researched rent rates via rentometer.com and a couple other sites, but was hoping to get some ground truth on realistic rent rates in the "my" Palm Desert neighborhood as well as PM rates for managing this property in Palm Desert so as to have the most recent data to help me analyze this deal. thanks in advance!