Having done so can say it's the worst. Don't buy into an enforceable contractural relationship with complete strangers. At worst it's a monarchy run by a fixated rules based nut job who keeps getting elected as chair because nobody wants the work, at best it's consensus decision making leading to inaction, sniping, infighting and misuse and waste of resources. And that doesn't even begin to deal with the actual building maintenance issues.
And Big Gunt has been sighted in the wild. There's an update on meowmix.