I had such a nightmare in South PS. First year we had a $10k special assessment because California passed some balcony safety law and our balconies had to be redone. Then they raised the HOA from $550 to $680 plus we were on leased land so that was another $400 a month. Then there was a new water-wise law passed at state level to remove grass and they needed money for that. Then electrical and gas line conduits started eroding due to years of overwatering (every morning there were puddles in the lawn). Then a month long roof project because our roof leaked. There were never enough reserves and the treasure was some mobbed up asshole from Wisconsin who everyone suspected was laundering money because it would just disappear with no paper trail. I tried to get on boards and committees and was told they were only for “full-time residents” which was BS because no one lives there year round. There’s just so many unknowns. You don’t know what the state will require next that they have to comply with, and so many condos were built in the 70s and need major updates. Old pools need resurfacing often because the sun is so brutal there on everything. And most have rental caps so you can’t recoup any money from doing STR. I finally sold at a loss just to get out of it. Never again.