She has apparently been cornering them in common areas, saying things like they aren't good enough for this neighborhood, and using racist insults.

., that might be good enough temporarily.I think you need to talk to a lawyer, though. 

Like you said, even if it is a condo, the deal may be good enough to surpass the downside of it being part of an HOA.Also, see if any of the HOA members have rental units within the complex.  

I'd include utilities, because otherwise there will be bickering about who is using more electricity or changing the thermostat, and how it's not fair they all have to pay a percentage of the bill, yatta yatta.I'd also pay someone to come clean once a week, because that will be another argument about who has to clean the bathroom and who doesn't do a good enough job of cleaning, etc..  

There are also good reasons why many of the poor in those neighborhoods stay that way, and most of those reasons are NOT fixable by you as a landlord.Ethically providing high quality rental property to good, hard working, middle class families at a reasonable rate is good enough for me, and profitable.

You're right, I'm probably not good enough with spreadsheets to prove it in that way.

He has some cash, but does not have good enough credit to qualify for a high loan.

If you have a good reason to keep the house, and you look at it like someone above mentioned - that you basically have caregivers in it, and you're getting a write-off on the loss, it's up to you if that's good enough for you.And if the location is great, it's entirely possible, as someone else mentioned (sorry, I am hopeless at the hashtag thing lol), that it will still make you money in the long run.You can also - in case you aren't already - write off a portion of your home (where you live now) as a business expense for home office for managing that rental. 

I was just about to say this, if they can prove they have legal documentation for being in the United States 'temporarily', that is good enough for me to judge their character, since it's hard enough to obtain any type of Visa from a foreign country.

If they don't speak well, but I can muddle through a conversation without any concern for miscommunication, that's good enough for me.