Living in Florida where the weather is super hard on exteriors, I like the idea of condos because the HOA takes care of the outside.

Paneling still carries some of the benefits of modular construction without the same resistance that modular methods face. 

In many cases the sun and warm weather takes care of it before the tenants get around to it.

After that, we requested to visit the new apartment but he said because of the current resistances were still living in there, we did not able to see the apartment until September 6th.

For example when the current tenant renews in 6 years they know (especially if they are represented) that the path of least resistance for you is to renew them, the threat of vacancy - particularly for a local owner - is daunting and tenants know it. 

I focus on internet resistant tenants.

In CA hot weather the pool was once a nice feature when water supply was a limit. 

No one visits in 120 degree weather without a pool.Can you get some comps from local property managers (similar homes, pool or no pool, and what their respective gross rents are?). 

The cool weather of fall will be here soon and many insects/rodents try to find their way indoors when the weather changes.

. $400k home, $300k contract, $300k mortgage, $100k worth of equity built in, which I surmise is enough cushion to weather the next storm.