Even with a large down payment (25 - 30+%, it does not seem a simple 1- or 2- bedroom condos of around 300K / 400K would not even cashflow here in San Diego.

We also own a condo in another city that we are currently trying to sell ($400 HOA fees are brutal, so renting it no longer makes sense).

Go for it.I'm setting up a condo next to a major airport in Houston as my next airbnb; had my interior designer stop by yesterday (Monday) to give suggestions on how to add the "touches" that should attract guests.Hope this helps.

They introduced me to their mentally challenged son, showed me pictures of their other "personal bay home and boat," and even showed me pictures of their friends $20 million boat with bedroom chambers for the Captain and crew...Know yo ISH!

The big lessons learned were around handling general contractor relationships as well as the filings associated with condo developments.

On a different topic, I find tenants like carpet more in the bedrooms, which is less expensive too. 

I’ve been analyzing deals in Miami and have been having a hard time finding any deals that yield higher than a 5% cash on cash return on residential condos.

Much of what is available in our price range are condos and modular homes.

yes, if a resident (tenant or owner) resides in a property located in any such neighborhood or condo and is subject to the same rules and benefits of such

His mother lives in one unit and rents out the extra bedrooms and the other unit is a 3br 1bath apt.