Then asks me to pay the brother directly since my maintenance reserve went to the handy man. 

You would also want to show reserves after the loan is closed. 

This trashes some cash reserves.

An unethical person regardless of what profession they are in, period.You were able to confirm one thing with your post however, I'll let the other readers decide what that may be.  

I am using the money to rebuild my reserve accounts and make sure I have a fully funded emergency fund.

After running into many road blocks due to the 25% banks would normally require for a down payment and the two year landlord experience requirement plus the 6 month reserves I needed I was convinced that this normal path of obtaining a mortgage was not the way to accomplish my goal.

Some will lend 60-70% ARV and hold repair reserves just like a HML. 

I would certainly confirm what everyone has said. 

Per seller, the HOA has pretty healthy cash reserves at this time and it looks like the buildings have been well taken care of. 

Low starting bids don't always mean that the reserve set by the lender was met either.Lot's to learn here don't be over excited and lose a bunch of money on your first buy.