After a year of being a member I'm finally stretching out into BiggerPockets community. Looking forward to where this leads and any connections that may develop.

I moved into a condo with an HOA and they have a property manager.

I am out of state so he managed it all from start to finish.

Another thing you should consider is whos' going to finance it and managed it.

Understanding the basics of real estate investment, market analysis, and property management is crucial. 

The negative 1K per month includes the property management fee.

That does seem to help but most self-managers just use the 2 OTA without a PMS. 

This is perfect being 2 doors down from where we live so we do not have to pay cleaners and property management.

You will hire 2-3 of the wrong contractors also and lose 10-15k in walkway money.Your first try should be to do a flip as a smaller partner with someone else, a friend, a local investor from a meetup, so you can learn the ropes, know how to manage a crew, etc.

Hire a sober house manager who has significant clean time.