Townhome/condo rental properties

[Victor Nkhoma]

Anyone here owns condo/townhome rentals?

I might be missing something but I seldom hear folks talk about townhome/condo rentals. Is this because or rental restrictions and HOA?

If so, I’ve come across townhomes/condos with neither of these so wondering if they can still be profitable as rentals. Of course there’s the 1% rule but wondering if there is anyone who owns these type of rentals?

Any tips/tricks/caveats to share?