the cheapest investment can be rehabing a  $1500 manufactured home and  color stucco the outside with the same synthetic the casinos use.

Maybe the roles of the people involved need to be clarified.Does First Services Residential manage the Condo Association as an Association, such has keeping books, monitoring for violations, managing contractors, etc (and therefore subject to the regulations) or does it simply do physical repairs to the common and limited common elements?  

new to the community here.I'm 22 and extremely interested in becoming an investor.Currently, I'm making somewhat good money working in the casino industry as a dealer, but I know I don't want to be working for someone else my entire life.

You may have to deal with pet, smoking, drugs, non payment, divorce, firearms, abusive tenants, physical damage, unemployment of tenants, physical disablement, disruptive children, disruptive visitors that come and stay, fire, natural disasters, management, all or some of the above and much much more.

@Barri Griffiths, I would use the current one as a guide but I wouldn't use less than 10% for total physical and economic vacancy.

For the 203k, work has to be started within 30 days of purchase, completed within 140 days.Do you plan to physically do the work?

new to the community here.I'm 22 and extremely interested in becoming an investor.Currently, I'm making somewhat good money working in the casino industry as a dealer, but I know I don't want to be working for someone else my entire life.

I've only ever brought a physical check to closing at the title company. 

I know I should find out more about the neighborhood (I haven't physically visited yet - it's been all online viewing.)Not sure I'm giving enough information to get input - just curious how to even begin assessing something like this...

This will be my first purchase and I see a lot of potential but I wanted to see if anybody has any experience in buying out of state using a low to no money down (I.e va loan, fha, etc) without physically occupying it, or would I have to deal with a 20% down payment?