I have all my reserves tied into the project since I did not do funding for these but rather self funded.

Finding trademen and contractors is much tougher if you're self-managing.

Than learn with that safety net until your ready to take things back over to self-manage again. 

Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

@Travis Biziorek: self management isn't something that we're willing to undertake. 

By keeping your investments local you may be able to self-manage your properties more easily because you're close-by and already knowledgeable about what's required of you as a landlord. 

I currently self manage so I don't have systems/team.

I speak from experience as a former defensive litigation attorney. 

Mostly MF and self storage.I bought an industrial property from a wholesaler, paid him a $600,000 fee. 

Next question.... will you self-manage it, or turn it over to a professional management company, or some type of hybrid?