Is your strategy a bold one, I'd say no -- out of state investing is very common here.

I am thinking about just having the condenser removed and stored in the house until I arrive?

I suspect they will only become more common in C properties. 

Bottom line: it's an old piece of crap and the "damage" pictured is extremely common and should be considered "ordinary wear-and-tear."

Most of the areas of town with strong rent to price ratios are also places where it's relatively more difficult to attract tenants and also where turnovers are more common.

Blocked condensate pan, dirty air filters, clogged pump, low freon, unit dying, vents not properly installed, air conditioning unit too small for square footage/airspace, exhaust blocked by plant material or stuff stored, animal inside the unit?

They bring their stuff and store., B. 

http://www.freddiemac.com/pmms...You can also track the 10yr US Treasury Note which is the most common benchmark for mortgages.

Condo board infighting over fees, resulting in special assessment for common utilities. 6.

Not to steer you to another store (if this is available in your area) but we use the TrafficMaster LVT.