The Mayor asked the question "what are costs of the housing provider?".

Looks like consensus says they are not worth the cost, thanks all!

Here's a breakdown based on your examples:Carpet, Vinyl Flooring, New Toilet, New Vanity, New Tub: These items are typically considered assets because they are permanent improvements to the property that provide lasting benefits.Plumber Labor for remodel: Labor costs for installation or repairs are generally categorized separately from materials.

Frankly, I wouldn't feel comfortable owning a condo long term due to rising HOA costs and major assessments.

It could cost more.

Minimal risk, cost, etc. 

I could get that in a stock market index fund with a whole lot less hassle and risk.If I were to mortgage it (assuming I even could, what with the fractional ownership) it would be 340k purchase with 20% down @ 5.5% = 68k down pmt and 1823/mo (22k/yr) in mortgage costs.

So many amateur landlords make big mistakes that cost them far more than a professional PM ever would.3.

How come foreclosure access is additional cost on BP?  

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!