Hey @Ruth Reyes, I agree with both @John Underwood AND @James Carlson.I never really look hard at condo's due to the HOA fees and the fact that a controlling member can rule the roost.For example we almost bought a ski condo at the Inn of the 7th Mountain in Bend Oregon.

The starting point is knowing what emotional drivers (desires, fears, hopes) lead people to spend money on a unit such as yours.

In order to get out of Freddie Mac's "Limited Multifamily Experience Sponsor" category, you must have ultimate ownership & control of either (i) 3 multifamily properties [1 of which you've owned for at least 2 years], or (ii) 1 multifamily property which you've owned for at least 5 years. 

For outside lighting if possible invest in good quality solar exterior lighting to help control the electrical costs.

They also have no real control of anything.  

As you have experienced, HOA dues going up and so much out of your control, especially if you don't live there. 

When you fully own the asset, you're in control. 

I have some feelings about the timing of the sale of the property, but that's the control you give up as an LP.

Tax considerations and emotional attachment should be considered.

I am capable of dealing with the IA, but sometimes it is better to have an independent eye without the emotional investment.