That's possible, but expect a lengthy timeline and significant expenses.

While eviction can be a lengthy and complex process in Portland, it might be necessary to protect your investment.

Yes, I have answers to all of this but they are for too lengthy for a forum post.

Looking at buying my first piece of property and finally found a condo I like in a great location, under budget but the HOA is stringent on rentals (all leases must be approved by HOA, approval process seems lengthy and min credit score is 700 FICO) should this be a deterrent for me in terms of buying this as rental property?

You mentioned arm's length. I

Foreclosure is a lengthy and expensive process. 

I create a lengthy and very detailed response listing everything I can think of that a prospective tenant would need to know about the unit and finish it off with please feel free to reach out with any questions, if you would like an application please reply back with your email.

License process can be lengthy so swallowing carrying costs could be heavy. 

Real estate is a complex asset class due to the lengthy process of increasing supply.

height is 112" and ideal length is 120" .