While the market appears promising, it does seem to come with higher prices, rising HOA fees, and increased competition.

Check local regulations.First, verify that your local zoning laws, HOA rules, or condo bylaws permit renting your property.2.

The HOA and taxes was planned for in the monthly rent.

I used to be against condos because I didn't want to deal with hoa, I believe they are all crooks who steal money and they take away many of your freedoms (you can't park your bike here, why did you scratch the tile here)However, I realized for a noob who doesn't know what the hell he is doing, a condo is much less risky than a house.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Try to avoid condos/townhouses or anything with a HOA/condo fee. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

@Ndy Onyidoreplying your strategy on #3, I will add the following for you to consider.Most of these properties as @Rick Baggenstoss had mentioned are run down , townhomes, land lots.There may be additional liens on top of the tax lien, such as HOA lien. also with the townhome communities, some of them has rental % restriction; meaning the HOA only allows so much % used for rental. the rest has to be owner occupied.

I have managed both commercial and residential, as well as HOA communities.

Also if there are multiple owners it ends up being like a HOA and I would view it as complete chaos on who is actually running the show.Why are you bullish over these vs. a traditional  Regulation A+ or Reg D 506c offering where you invest in the entire pool?