Aloha,If you want to invest in condo/HOA properties, it is critical that you closely review the current operating budget AND reserve funding plan (or third party reserve study if a recent one is available).

What happens if you miss critical milestones?

I think schools should be teaching self management, self governance, critical thinking, leading a community, and servant leadership, along with finding your passion.

See Rates from Lenders in Your AreaLending and credit are critical to growth and inflation.

In that area, you not only have a critical lack of housing inventory for buyers, but you have additional buyer pressure from those fleeing IL due to politics & taxes. 

The critical things to have inspected are electrical, plumbing, HVAC, roof, and have a pest inspection.

Know how to take constructive criticism.

When I started out, I got a lot of great guidance from other land lords, and I was able to get those initial contacts that are so critical like handymen, painters, flooring folks, etc. 

Therefore, finding a trustworthy team to help you purchase the right property in the right location is critical to achieving your investment goals.

@Scott LundgrenTime is money, that’s true, but I imagine the DIYers doing it probably have critical mass.