Not to say you cannot do well, but it’ll take some extra TLC. 

On top of that, I believe you'd be considered a "high earner" - there are limitations there as well.

Based on rent of $1,695, I think you'll be lucky to get an appraised value of $160k with a CoC return well under 2%.

Yes, they are actually selling individual units as well

Jung,Welcome to the BP forum its a great time to start as mortgage rates fall and home prices still priced well in many states.

You will be obligated to modify your home insurance once you leave, regardless of whether you self-manage or not and this would apply to Scenario 2 as well - for any property you don't occupy yourself.3. 

Their pictures of the leadership team is sketchy as well. 

Hope all is well.

I would go the VA loan if you can, no pmi will help your debt ratio as well.  

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).