But if they're in good shape, I'd throw my remodeling dollars at other things first. 

I'm an investor by night and an agent by day (which helps me learn the trends of this area,) so I'm fortunate to have been able to learn a lot about these areas, so maybe I can help share both a bit of info mixed in with some personal opinions.First off, anything that's in Conejo-Moorpark-Simi area is not going to meet any BP rules of thumb for cash flow or flipping, unless you get some insane off-market deal.

Hi Will,Like others here I think you are in good shape.

The Association should have a professional property manager, have governing docs that were updated within the last 10 (preferably 5 years), have completed a reserve study and have a trend of gradually increasing fees that reflect the reality of increasing costs. 

The house is in good shape.  

We did an infill on a small kidney shaped concrete pool about 30ft long a little over a year ago.  

There are lots of good paid options (Builder Trend, Zoho Project, Teamwork, etc.).  

Any trend in professions of these people?

My intention is not to debate macro market trends, but rather to discuss what constitutes a recession resistant property?

In my opinion, this does not signal RE values will decrease - although upward trending interest rates may have that impact.