They seem like a safe investment since the association fees cover a lot of the mainteance. That can be negated by lower property management costs since they don't have to do the trimming exc.
Other than that I would like to hear others opinions. I'm actually looking at a certain lot with a few REOs available near the UTC area. Cost 100k and rents are $1000 a month. I'm a cash buyer so It looks like an easy $500 a month cashflow. Give me your opinions.