It is prohibited to allow your pet to produce waste on any lawn/turf area within the association.

There's the Realtor dues with local MLS, State association and National association of Realtors which is mandatory, lockboxes, signs, professional photos, staging, E&O insurance, broker fees and more...The list is never ending of what Realtors have to pay...

The mls is controlled by NAR so you need to be a paid member of association and be able to have lockboxes after you have been finger printed and have steep realtor insurance. 

Single family ranch, 3/4 acre lot, septic, 8 year old 3 tab shingle roofPurchased: 2006 for $140kOwe: $100kMortgage: $543Taxes and Insurance: $205Expected rent: $1200-$1350Tenant would cover utilitiesThere are no association feesI will have a property managerI am guessing 3-5 years before predictable large capital expenses arise.  

look up landlord tenant laws for your state, and research.Check local landlord association in your state or county they may have good lease template. or you could google one or get one drawn up by a lawyer

The usual risks are associated with this, I'd say real estate in the area is fairly hot right now, so I could possibly be purchasing at a premium compared to what it might fetch in 3 years if there is a market down turn in the area.

Another caution area is that association because it is a condo.

Make sure to include all costs associated with having to go through this ordeal.

I know agents who spend upwards of $10k a month purely on marketing, not including association fees, mls dues, etc.If you are competitive, driven, and willing to put in the time, hustle-you will be fine.

Take the risk associated with getting a loan, incurring costs to hopefully make a profit form flipping or buy and hold, orLoan your money, earning 6% - 10%, with real estate as collateral.