Storm ponds, storm drains, flood ways or flood zones, underground electric, fiberoptics, etc.On the concept plan above. 

I know this post is pretty old, but I’m curious about the concept of self managing a condo-tel.  

Success is most influenced by persistently applying proven concepts...it takes an informed plan over time.

A lot of this type thinking is a result of the individual having no understanding, or conception of interest, principal or “the time value of money”.  

My questions are: 1) Is this a common concept in commercial properties that the tenant is responsible to repair, maintain, and replace anything in their leased space regardless of the cause?

If you haven't already, read "The House Hacking Strategy" by Craig Curelop to understand the investment concept. 

Got a good grasp of the concept, with very little info on the step-by-step actions I can take.  

Participants in the commercial real estate space could do themselves a lot of favors by forgetting entirely the concept of purchase cap rate.Cap rate has only one useful purpose--and that is to estimate the price in which the property may sell for at a later date. 

If possible, I always recommend using your own capital starting out to prove process and concepts before taking hard money for flips.

The concept of the system is smart.