Meh, I don't hate HOA's. A well-managed one ensures that the places are kept up, which protects your investment. I recommend getting on the board or at least attending meetings so you know what's going on. You're in Portland, so this may be less of a concern if your location is hot, but I'd prefer a 2+1 over a one BR unit for easier rental and better resale value.
If you're planning on staying or don't mind keeping it as a rental, and the building is in good shape in a nice area, my vote is yes. Be sure to do your due dilligence on the health of the HOA. Request and read all the minutes and financials for the last 24 months or more if possible. Make sure the reserves are fully funded.