In short, it seems like it would require only attending board meetings once per month and managing ongoing maintenance requests for the community and general upkeep (for example landscaping).

Of which, they will allow half towards their ongoing expenses, therefore netting 1% per month.

An ongoing income stream from the sale, is not the buyers responsibility.I think there are several reasons that a purchaser who does need a loan, would prefer to deal with 'their' bank vs. the seller, sellers lawyer and sellers loan servicing company.

I've experienced that they withhold their best terms for investors they feel they can have a successful ongoing relationship with.Now my banker was more inclined to give me the business LOC to purchase property because I our business shows a substantial revenue from property sales.. this might have warmed them up to me.

Capital and liquidity should ensure ongoing operations and accommodate a moderate stress environment.

There are also ongoing costs like accounting and maintenance costs for an LLC. 

The ongoing cash flow from the property enables a carry even if all fails.

Let me know when you plan on going again. 

He was bad mouthing me, the property, and i can tell this will be an ongoing issue.How have you all handled this before?

I'm planning on going to the DC REIA event in Maryland tonight.