Also, how have you gone about finding out the right information to make this decision, when there is so much information and so many laws out there (landlord-tenant laws, tax laws, eviction, liability, landlord regulations, housing regulations, HOA regulations, construction and additions to buildings regulations, rezoning laws, etc.)?

Our process includes the on-line and office rent collections for the properties, vendor/contractor payments, HOA dues (so we do a change of address to ensure we get billing and also any violation notices) and we let the owner handle his financing and taxes.

I personally don't like manufactured homes and at that price point, the HOA fee for the condos will eat half your rent. 

It might be past due HOA dues.

This is a condo in Southern California and I am paying Mello Roos + HOA fees.

Most can also hold reserve funds to pay the insurance, taxes or HOA dues typically on an annual basis.If you would like to investigate our services further please feel free to send me a PM here on BP.Thanks!

A CONDO almost always has an HOA controlling the property (and interfering with your rental business)A Townhome is an architectural style:  living space on the ground floor and bedrooms on the upper floors, thereby reducing the footprint on the land. 

It is a one bed condo with low HOA.  

Of this, of course, there are deductions to be had... whether it be amenities (I provide a bottle of wine, fresh sponges, fresh paper towels for every guest), utilities, HOA, and of course the largest cost: cleaning.

I have taken into account the CapEx, Vacancy , Repairs , Property Taxes, HOA and the initial investment.