like the replacement reserve number I have or strictly repairs?

It is strictly a risk factor.

I know that the rent is pretty much guaranteed but how good is the government at holding tenants to a standard, and how strict is it on my end. 

Some banks have very strict lending requirements and they wouldn't be interested in this type of loan.

In my experience with REO properties, they are sold strictly as-is and sometimes who "who is."

That being said I still don't like it and it's not necessarily for strictly for the fact that its a condo.What I like- you know what your parameters are to make it work for you. 

Do you charge a pet fee or pet deposit for a strictly outdoor dog?

I am a college student (senior) and want to get started in real estate.I know I don't want to go to anything financially heavy-based (commercial real estate analyst, underwriter, etc.).I wanted to gain ideas from this great community what are some jobs/departments in residential and commercial that one can go into that still pays well, but isn't so strictly revolved around finance and has good growth opportunity.

It's just easier that way because the banks are strict on not assigning the contract.

For a house hack, your best bet is to buy it in your name, then when you are ready to turn it strictly into an investment property, transfer it into an LLC.