All are equally important and will require a diverse team to effectively undertake the management.

But even if the seller asks to pass that along to me, I'd be happy to pay that price to rest easy knowing that I didn't undertake my first real estate transaction totally blindly and with no training.  

lolYes it is a hugh debt to undertake.

It would be the largest undertaking thus far and that is why I am somewhat hesitant.  

I'm super fired up about it and am undertaking the task of "understanding my market;" which is Tucson, AZ, by the way.To me, understanding my market means knowing what a 3/2 rents for compared to a 2/1, what a house in West University rents for compared to a house on the south side, what a 4 plex costs per door compared to a duplex, and the like. 

And I found another company that will do it, but they're not rated by AM Best so I'm not sure how stable they are.All the agents I called told me that the companies wouldn't do the liability part because it was too risky, they would be on the hook not just for something that happened at the house but whatever business ventures the LLC undertakes.

This is an undertaking.

that was going to be my next question: would  redoing kitchens and baths be considered one undertaking or three!  

@Jaymes CrokenThe "special assessments" occur when the condo association has insufficient funds to undertake a needed capital expenditure (i.e. new roof, repointing brickwork, etc).  

Lot's of hurdles for him to be approved for financing on such an undertaking in NYC.