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. 

My name is Rene Picanes Jr.

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

@Rene AcostaWelcome.

@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

Hi And Welcome to Biggerpockets @Rene Vergara.