Rent leaves us with about 400/month after covering mortgage, taxes, insurance and HOA.

Is the HOA, insurance company, homeowner, etc. responsible for any repair?

Is the property in an HOA?

Rent will be $1100, HOA $250, taxes $1200.

They contend with old rules that are in place, while putting new rules (like zoning or HOAs) in place.

There is also HOA which is only $300/mo, but ana dditional annual club fee of $28kLuxurious 6 bedroom / 5.5 bathroom single family house 5100sq ft. on a Par-72 18-hole gold club.an open and spacious two-story floor-plan with lots of natural light, marble flooring through, tons of upgrades including a chef's kitchen with granite counter tops and stainless steel appliances, huge custom walk in closets, two master bathrooms, tropical pool and spa and gorgeous lake views!

- This probably isn't what you want to hear, but neither are going to be GREAT opportunities for investments unless you can pick them up WAY below market value and HOA dues are reasonable.

Condos have HOA fees, additional volatility, restrictions on renting, .....

Another thing that you would need to look for are any judgments, liens ( IRS, City, Mechanics, HOA etc....) that may have been filed.

Cash flowing properties in the bay area are nearly impossible to come buy unless you bought at the bottom of the market or you're using one of your units as a meth lab.I live over in SJ and I travel up to Sacramento to look for cash flowing duplexes.IMO: Condos are not worth the hassle of dealing with HOA politics and dues.