Assuming you have several months of reserves, use that extra cash flow for a down payment for another property.

I can provide some boots on the ground service in Vigo County when you decide to start doing tax lien purchases.

I am an absentee LL (120 miles away) and my service contractors need access from time to time. 

Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro

It will not allow me to post her contact info - but if you google Remax Elite Services on Broadway (Grove City) and ask for Emily (or Frank, her associate) - they should be able to chat with you.

That means be prepared for very slim cash flow, keeping money tied up in reserves, and concern yourself less with how much money you can pull back out and look at the actual numbers.

The collateral file is missing two Allonges.On the title service I purchased it shows the assignments are recorded showing going from A - B and then B - C but no allonges for those transactions.What recommendations do you have?

The alternatives are to pay $2K+ to Tax Title Services or to do a quiet title.

For purposes of discussion here, assume the HOA is well run, the annual operating budget is sound and the account balances for reserves are within the guidelines set forth in the most recent reserve study.  

If that number factors in maintenance, vacancy, capex reserves in addition to both principal/interest payments and the taxes and insurance I would definitely do the deal. $2580 of annual returns on a $0 investment is a hell of a return.