The offering is high risk with few investor rights and not liquid.

Are there high risks in buying condos?

Way too much risk in todays markets.

You are also now responsible to all terms or risk losing the collateral. 

The price you pay is directly related to the risk associated.

Hi Liz,I think that this goes back to a basic financial concept of risk and reward. 

I'm not saying the expenses can't be improved, but I find the idea of making solid offers based on not seeing detailed info as risky without much upside to that risk and dissatisfying.

From there you wouldn't be as leveraged and could continue growing as you wish from there.A personal loan to secure rental property could work as well- but holds more risk as troubles could arise with flakey tenants or repairs to be done during the hold time. 

I feel as though quitting a FT job to go straight into real estate FT would be too much of a risk at first.

But you are not taking into account the risk you are taking by investing everything into one property.