Also, why do you seem to be opposed to buying 5 properties instead of 1 with the same money?

exterior paint and landscaping?

I would keep trying as opposed to getting discouraged. 

I just had the roof inspected and confirmed there are no signs of active leaks, but the age shows from the exterior, and the company sent out their inspector who commented on its appearance.

Treat it like you would your own house if managing yourself yearly inspection :- furnace/boiler - clean out burners (do in Fall to make sure heat is on in winter)- clean dryer vents- caulk bathtubs- change out thermostat/CO2 detector batteries- clean out gutters in Fall- while on the roof looking at gutters, take a look at roof condition - fix early- vacuum and clean utility room near any furnaces and water heaters (keeps dirt/dust out of systems, can extend life)- rinse water heater screens (can fill with dust and won't stay lit)- drain water heaters yearly - prevents sediment buildup and will extend life- change furnace filters (more often than yearly)- if in cold environment, turn water supply to exterior off before winter- take a look under sinks to check for any slow leakThis shouldn't take much longer than an hour or so per unit per year unless you find something unexpected, and if you do find something then good job catching it early. 

You then develop a "master plan submittal" set, which typically includes all floor plans + options, exterior elevations + options, and all supplemental plans (details, electrical, etc.).You then develop "site-specific" plan submittals that represent each specific site condition.

Inspections for condos are going to be mostly visual inspections for water damage, checking on plumbing and water fixtures, appliances, etc as most condo associations covers the exterior, foundation, and structural issues. 

I thought you were just saying it because you thought I wanted to get involved in renting as opposed to flipping (which like I said, I would in a perfect world).Do you have any good resources for learning about buying with options?  

I would also wager maintenance, repairs, and capex at more like 10% total on this place (assuming the HOA takes care of the yard and exterior structure/maintenance).He also lives virtually next door, so paying 10% for management would be silly.

If the Architect designs one type of footing as opposed to a less expensive one then it is the Architect's fault.