As mentioned above check into the health of association and if any rental restrictions.

According to some things I recently read about Fannie Mae and cousin Freddie Mac imposing a 1/2% interest fee to refinances (originally slated to start Yesterday, but this MAY have been postponed), I'd say hustle and refinance your existing mortgage off of the 5% rate (if that can be done before the effective date of the the 1/2% bump) and then carry on with the house hack. 

Also, look into the condo bylaws to see if you would even be able to rent out the property; many condos have restrictions on rental units. 

so if you dont allow pets you severely restrict your tenant pool.  

Newsom passed made ADU restrictions more relaxed than ever before!

The Executive does not have the authority to restrict citizens in this manner, but it does have the ability to lobby Congress to award money to affected tenants.

There are down payment assistance programs for first time home buyers that could cover the down payment, so you may not have to come out of pocket with anything if you qualify (there are generally income restrictions and credit qualifications).Understand, you're fully leveraged on this type of financing and if something goes sideways (water heater, HVAC, roof leak) you're on the hook for the cost.  

It is $500 for the whole day and they do not enforce the drinking restrictions.

Palm desert now restricts STR in most residential R1-R3 zones but there are a few that fall in not zoned R that are not hoa but can be challenging to find.

Can two married couples purchase a property together as tenants in common, or are there restrictions regarding the amount of individuals that can enter into this kind of agreement?