As they say, if you can get half the country to hate you, you too could be President.  

Almost all housing providers will tell you it's better to have a vacant property than a bad tenant.I'm president of a local REIA and we have a group of housing providers that meet to share their knowledge.

This is just my method and it works well enough if you want a clear cut way to do something:  Score each section honestly with 1-4.  1 being the best, 4 being the worst or vice versa... doesn't actually matter (for the sake of this, we'll do 1 = best). 

A bank vice president also told me that they are a big money loser for the owner.  

A president talked about rent control.

I met an investor locally who owns a condo in Nature's Hideaway and he became president there even though he doesn't live in the association.

I would consider your income and her income added together, and calculate the ratio of both your incomes to your total income and apply that to your living expenses to keep things fair (i.e. if you make more, you pay a bit more of the expenses and vice versa).

I only really like to show P&L/T12 and estoppels, because if the president doesn’t have to show his, I don’t want to show mine either.

This is true in wholesaling contexts and in contexts where people assign the contract from their personal name to an LLC (vice versa).

Make sure the community is funded and the president and/or the board members are investor friendly.