It was bought in 2004 and due to financial issues, I believe ~$197k is still owed on the mortgage.

But some believe condos are riskier due to potential mismanagement of the community by the HOA.As an out of state buyer seeking a low risk/maintenance LTR, are there any glaring downsides to buying and renting out a condo? 

It is RS-50 zone requireMinimum Lot Size: 5,000 square feet.Minimum Lot Width: 50 feet.Setback Requirements:Front Yard: Minimum of 20 feet.Side Yard: Minimum of 7 feet on each side.Rear Yard: Minimum of 20 feet.Maximum Building Height: 35 feet.Permitted Uses: Primarily single-family detached dwellings.To have different lot size need neighborhood approval, I believe...  

Hopefully in writing....I believe you have a leg to stand on here...They cannot just double the price without your approval.As has been said, contact the PM and have a heart-to-heart talk.

Sorry, I don't have the servicer handy yet, but they are in WA I believe, not a problem.

I do not believe it's a pricing issue because I have priced it lower than in previous years.

I would add that SFH airbnb market here is saturated BUT I believe there is still a robust market for larger homes for family gatherings and events.

@Travis HillAlso to your point on driving around I’m a big believer in grading the street within the neighborhood.The neighborhood may be an A but if the streets a C - it might not be a good flip opportunity but a good rental

Quote from @William Taylor: Quote from @Addy Chupa: Hi William,I ran some numbers using our tool, and I’ve included my thoughts below, along with two scenarios: one based on your exact assumptions and another with adjusted figures that I believe could make the deal work better.Observations on Your Numbers Utilities: Based on your calculations, it seems you’ve assumed the tenants will cover all utilities.

Believe in yourself and stay the course.