Most do not purchase properties, and that is by design. 

If that's the case, maybe look at a different house hacking strategy that might work (like a SFR with an ADU or renting by the room, ie having roommates).2.

With proactive communication, they will demonstrate they are in control, and you can rest easy.Start by going to www.narpm.org to search their directory of managers.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

I think the most important thing is having it done by an engineer  

The letter goes like this:  By the way we have underfunded our reserves, so we need $5000 from each condo owner by July 1st, in order to replace the roofs....

Or does it vary by area

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?

Quote from @John McCarthy: Even if the 60-day period has expired, you can still tell your tenants you want them out by the termination date.

I stumbled upon a Marina listing close by.