I would look for neighborhoods that do not have an abundance of vacant board ups. 2) is Baltimore overly tenant friendly?

Condo fees are unpredictable, condo boards are unreliable and sometimes unreasonable.

Honestly, they aren't for me so I have done one.I think to start, you need to layout a sort of budget (if you haven't already --- this is as public board so we don't need to know). 

Hop on board!

Texas has a lot of great investment opportunities across the board and they're landlord friendly. 

I agree, report it to (1) the local MLS where it is supposed to be listed, (2) the local real estate board and then if you still don't have results, (3) is the state board.

Both the property management company & the condo's Board of Directors are running a search for a qualified property manager (I've been engaged by the Board to assist in finding candidates).

Im better informed than most because I sit on the NAR Board, Ive been a part of the discussions with the DOJ.

I absolutely HATE the HOA/condo board and the regulations. 

Lenders are still unfortunately tend to be very conservative on the rent-by-room (SRO) type arrangements still - its an area that really could use some better understanding out there but just be careful with expectations because a lot of the treatment of these properties (even if nothing like a old-fashioned "boarding house") can be tough