Take care!

The previous tenant was a slob and definitely didn't take care of the property.

I joined after reading 5-6 of the BP authored books and I've loved growing my understanding of the world of real estate investing.I made my first investment this summer and my family is partnering to make a few investments in the next year.

You will take care of repairs under say $200 or $300.

I suggest you enter private money goldmine in search botton at top right of the screen and read the previous posts....here is one that gives good perspective as well as a link to legitimate private lenders.http://www.biggerpockets.com/forums/92/topics/1488...

Quote from @Christian Jones: Be careful.

I've read a lot of bad information on how some gurus are promoting techniques that are flawed at best, fraud at worst.

Would you mind posting the case name so I can read up on it?

You should read every word of your HOA rules.  

Just make sure to read the management agreement carefully, the monthly % isn't the only cost to consider!