You should probably talk with the HOA president to understand all of the above items.There are numerous other HOA headaches, but all minor and not worth mentioning here.Generally, I find condos are not as good as single family both in terms of cash flow and total return. 

The president of my condo association has a 4 unit bldg. in the Los Angeles area that she selling. 

If you continue to allow the president of paying late you may have difficulty or add complications  eventing later if that becomes necessary since YOU allow the tenant to continually break the rules.

Forum rules wont allow me to post her full contact info, but this should be enough for you to find her on the web.Laura RileyVice President/ Escrow Officer9910 IH10 W, Suite 101San Antonio, TX 78230

@Tony LindMike Jacka is the president of the MN REIA, and at our recent training on Subject To, he showed the legislation for the due on sale clause (Federal), and the State of MN law that forbids a bank from exercising this right.  

Some places its agent, vice president, senior vice president etc. 

You may consider a DST if you are look to change States. feel free to call me to learn more.Joe Nugent President/CEO Effective 1031 Planning

I've been licensed for about a year now and had been working under a broker for about 8 months.I just did my 5th yellow letter campaign in my area and an agent received one and they called and complained to their area president who in tern called my broker.

I could honestly do all but about 20k of the work myself as I live in one side for a year.On top of that, the listing agent knows the bank president personally, and has practically begged us every day for the past few weeks to put in an offer, ANY OFFER.So I did.

Rate lock for six years and then annual resets thereafter sounds like a lot of risk Put bluntly, don't assume that you, or I, or anyone, can accurately predict where the market is going and in turn, where interest rates are heading.  6 years is a long way out, with a whole host of impacting events in the middle of it (Euro-zone issues, an election cycle and new president, potentially a new party being elected, etc.).