I have no problem with well-run condos where the board isn’t composed of petty wannabe gestapomen. The condo I bought in SD falls into that good category, though I can’t say the same about the managing agent.
(One employee of the management co actually told me that I “should have bought it to live in it”, despite there being no rules against renting. I asked him whether he’d rather it have sat vacant in dilapidated condition.)