I have also considered townhouses in my current area near Rockville and Gaithersburg, but I have read where most people don't like townhouses because of the HOA fees. 

Here are the details about the home: It's a SFH 3 bed 2.5 bath, closing costs would be $1500, taxes $520+ a month, HOA $33, insurance $60, PMI $116, cap ex 4%, vacancy 3% (not sure if I should include vacancy since it's owner occupied), repairs 3% (low because of new warranty and new built).

That doesn't mean you shouldn't do it, just be sure to run the numbers factoring in all your costs.With townhomes you may have an HOA fee that needs to be part of your expenses, and you may have a harder time increasing the the ARV, because you may have fewer options as to what you do to the structure; hopefully there is an experienced real estate agent in the area that can guide you.

Hi All,I am renting out a condo in San Jose for $2,900/m and the HOA is currently doing major construction on the stairways.

I plan to keep this as a weekend getaway from the madness of Chicago city life but AirBnB when Im not there (already have approval from HOA).

You may also have HOA guidelines you have to abide by. 

The main things that you can to do are to monitor and manage your risks (such as monitoring taxes, insurance, senior liens, HOA) as appropriate on an ongoing basis while you enjoy the cash flows that you are receiving.Good luck!

This is a problem, due to the tax lien, you essentially have negative equity in your current property, not to mention pretty much everything in LA under $300k is going to have a huge HOA, or be in rough shape or both. 

I like the idea of the condo but don’t like HOAs.

Not sure if town homes in Mililani really cash flow, especially with the HOA fees.