The layout lends itself to dividing the space in one or both to 2 bed 1 bath units and still be decent sized.

If this is your first deal then if it still looks good to you after you double the remodel cost and drop the ARV by 25% then there is probably a large enough margin to make this a decent first attempt. 

OTOH having the condo HOA is like carrying around permanent dead weight.My gut says go with an SFH on a decent street in fruitvale, within walking distance to the Bart station.

Plus it has a decent API, so you can incorporate into a nice amount of other applications.

I have looked into it and it seems like a decent passive option despite all the fees.

It's highly unlikely they'll give it to you, but I'd ask for screen shots from Equator.  

Really pleasant tenant so I took a shot on accepting their two black labs.  

Where I live, you have to have some decent footings for anything that has any kind of cover.  

I am an active buyer in the "New Marigny" and "Upper Bywater" area now, but even land is selling for $30-50k, and most houses are looking for north of $100/ft2 for something that needs a decent amount of work.I'm actually surprised that someone from out of town would be interested in NOLA from an investor standpoint.  

Im not in any hurry since I have a decent paying career.