Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you expressed an interest in flips, I added the link below for your review.http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Your time here will be well spent.Since you didn't mention a niche of interest, I added three links below for your review and selection of one or all.http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Do you mind me asking what your current portfolio or investing looks like as well as expanding on why it would me smart to only accept equity growth rather then equity and cashflow growth right out of the gate?

Smart HOAs will raise fees by a small percentage yearly rather than not increasing fees and having to implement a special assessment down the road but many boards don't look that far ahead.

Is managing multiple houses from an hour away smart?

It is a smart idea to have an architect to do the inspection.

If people are paying $825.00 for a one bedroom where you live  then all I can say is you are one smart cookie and you got one hell of deal. 

@JoeyNoelThat is smart advise.

The plan is to eventually refi this property with a conventional loan and cash-out to continue with additional property purchases.You're doing a very smart thing with the house hacking technique.

I just got an S5 smart phone and when I tried logging into BP with the same info that works just fine on my PC, it's says the username or password is incorrect.