Will new board members/president or secretary be selected from the new condo owners?

It's people-intensive and blends the amenities of an airbnb  with a boarding room/inn concept.  

I am a total Newb to this board guys so feel free to yell at me if I can do things different for the benefit of the community :)I want to use this as a space to chronical my journey and stay connected with folks in the industry so yeah.

I once attended a free Kiosaki seminar on buying in the stock market........then they asked us all to play Roberts stock market board game to aquaint  us on the basics...

However all my dealings have been above board and have never taken advantage of anyone like this.

I have had the discussions with my wife about wanting to earn passive income through rental properties and we are on board with the idea.

When I say "quality" i mean the quality of the neighborhood, and not necessarily the property.For example I am looking at a property that is being short listed for 20k fully renovated (zillow estimate is 35k) but it's in a depressed area with a few rowhouses boarded up around it, but there is an existing tenant there and the rent, cap rate, and cash flow look excellent on paper.

It's awesome to hear you've got a partner on board.

This will probably not work out well if your wife is not fully on board.

Pretty much everyone posting the name of a market on this board is late to the party, Charleston, Nashville, etc. etc.