This is definitely a cheaper route, but also not the most structured way of learning or building a truly systems dependent business.I also think people often underestimate the risk associated with real estate investing as your mistakes throughout your career can be much more expensive then any investment in your education, systems, and technology.

The association can not operate with 1/3 of the dues not being paid and fnma and fha will not approve loans to buy units if more than 15% of dues are in arrears.

I would compare the costs associated with the  TSP withdrawal, home equity, and home refinance.  

Remember the work is being funded by the insurance company and the increase in premium you will have after a $25,000 roof claim is nominal compared with a $35,000 roof claim.This Youtube video was put together by my area Community Association Institute chapter which is an industry group designed for condominium associations that provides best practices for property managers.  

After all, you are responsible for paying all costs associated with the rental.

NAR: Feb.’s pending home sales leap 5.5%Pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade, according to the National Association of Realtors® (NAR).

I pay my current and past tenants a referral bonus and it helps me get great tenants and reduce the costs associated with finding great tenants on my own. 

My related experience as president of the homeowners association for eight years is beneficial in regards to property maintenance and dealing with people, but not directly related to screening tenants and leasing units.What do you look for in a Resident Manager?

If you are trying to do a "traditional" wholesale method where you lock up a property and then assign it to someone else, taking either an assignment fee or the difference between the two contract prices, your local Realtors association may not think you have your client's best interest in mind.

@Chris Rusoff, I would check with your local/area bar association's website, or even call there and talk to someone.