That is one of the most expensive and difficult conversions you can attempt. 

Prices are not going backwards, so it will become more and more difficult to find good deals. 

She pays the rent on time but is generally difficult to deal with. 

Which makes it difficult for positive cash flow.

Learning what I can though it has been difficult.

If managing the property remotely seems difficult.

Access to GPs/operators with strong track records is very difficult.

If you think it's a difficult HOA before you even buy there, just wait until you do.

Folks stop making it more difficult than it needs to be, buy right, Reno right, rent right, exactly how you would with any tenant.

Bylaws and rules can often be changed by the Board (depending on what the higher documents require), while the CC&Rs and Incorporation docs are intended to be more difficult to change and often require a vote with a super majority of all owners to change.