I welcome all tips and vital info, please feel free to share.  

The most efficiently do this is to outsource that vital task to a consumer reporting agency (CRA) that specializes in background checks and here is why:  A CRA must conduct Fair Credit Reporting Act (FCRA) compliant background checks.

@Jay Hinrichs is absolutely correct that having a good lender, with a good reputation is vital in a competitive housing market.

Going back to LLC, If you own more than 1 or 2 homes in which you have renters , its vital to have an LLC under them.

I would recommend talking to Shane Utesch with Vitalized Homes.

I will share a some vital info about my self.I am seeking a owner financed property( SFH or MFH).

@Edwin PinaIf you are an "investor friendly" Brokerage, then you work with ALL types of investors and, like us, are investors themselves.If that is the case... and not just hype, then the three suggestions are inherent to doing business.In our case, we are a larger HUD Brokerage, and because of that have a strong relationship with a HUD approved Title Company with multiple offices who can do a number of things:Mail away closings - We support investors as far away as NorwaySimultaneous closings - We work with a number of wholesalers so this is vital.

Whether or not these four properties lead to a deal or not, the boost of confidence received from BP and its tools help me to go into any lender's or potential CPA's office with a professional presentation and professional appearance that really helps establish good rapport in dealing with these vital professionals crucial for the success of my business as a newbie real estate investor. 

If you (or your wife) is stuck on that premise, it's going to be vital to get over it. 

This packet should have contained all the vital info. needed to determine the health of the HOA, as it should contain budgets, minutes, etc.