In addition to the HOA regs, you need to carefully examine the financial condition of the project.

However, upon closer examination the answer is - it depends.

The domestic has some interesting stats. 73% who leave make less than 50k annually and the majority coming make 100k+. 

Forget taxes, depreciation costs and appreciated values - - every investment has all of these, so they are NOT discriminators for the purchase decision.If you want an indicator for which deals to examine in detail, take the GSI / Price better known as the Cap Rate and higher is more interesting.The kicker is, a better CapRate isn't always a better cash/cash return, because the expenses can be deadly. 

He examined the wall outlet and discovered that it was a loose connection.

At lease get an engineer/building inspector to examine it F I R S T.

@Scott Trench Grant P. and everyone else investing in the Denver market - Here's some very good info I just received from Lon Welsh at Your Castle Real Estate - YCRE are the numbers and stats guys who track everything in our market.

Have yet to find someone totally happy with their Property Mgmnt software but if folks have recommendations, would love to hear them.You might want to search for Mobile Home University as they might have more stats for you.

On one of my purchase contracts, I have this paragraph:  The Seller, at his option, agrees to furnish the Buyer, either a complete abstract of title certified to date, or a title insurance company's commitment to insure, to the above described real property, showing a merchantable title vested in the Seller, subject to: ______ Title Evidence shall be sent to ______ for examination by the Buyer as promptly and expeditiously as possible, and it is understood and agreed that the Seller shall have reasonable time after said Title Evidence has been examined in which to correct any defects in title.What goes in the blanks?

The Bay Area is actually historically the best market for buy and hold investors and the stats prove it.