Condo as LTR investment for out of state owner

[Daniel Borgenicht]

Hello,

I'm looking to purchase a condo as a LTR investment but have received some conflicting advice. For an absentee landlord, it would seem that a condo could have less maintenance headaches than a SFH and lower risk in general. But some believe condos are riskier due to potential mismanagement of the community by the HOA.

As an out of state buyer seeking a low risk/maintenance LTR, are there any glaring downsides to buying and renting out a condo?  Thanks for any information and insights you can offer.

Daniel