Eric,They are using rules that take those into account.

The long-term strategy involves building equity, saving, considering taxes, and leveraging rental income for investments.

And finally, while there are likely some pro accounts that will only give you discounts if you are licensed, most will let anyone sign up, and are often based on volume spent at that store anyways.

.- OP has not indicated they will involve HOA even though multiple replies suggest doing so.OP asks for advice, but seems to ignore it.  

Now the 9% doesn't seem to be a terrible deal, but then I calculated the risks involved.

Also, logically speaking, for whoever the owner/developer of the project is, they have much more risk involved and should deservedly be the ones with the profit to gain. 

Good for your account in theory, but you really need to understand what is driving that cal rate for that area before purchasing a property.

@Anthony DupreBigger Pockets is a great place to find a real estate accountant. 

So, as Kristine pointed out, it’s crucial that people are made aware of the risks involved.

Basically questions that the PM/co-host need to be able to answer without having to do any deep-dive analysis.Property-specific questions such as property improvement advice, revenue potential, etc. that involve deep-dive analysis might justifiably incur an up-front cost depending on the PM/co-hosts business model.