@Vivek ShahBack in 2017, Fannie Mae quietly announced a change that allows transfers to LLCs under certain conditions:"The mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence)."

It's in a major area, but the PMs up there are horrible.

I think that the percentages for CapEx and maintenance should be little lower for a condo v.s. a single family home since the HOA will cover some expenses and there won't be any major repairs needed i.e. roof.

This is the majority of the bookkeeping  -banks love it and you can do a P&L per class/property  Administration/overhead expenses can be prorated based on total income or time.

Being forced to have your rents at 20-25% above market just to break even is a major red flag.

. $500 to cover your major systems for a year sounds like a deal but do you honestly think a warranty company could stay in business if they were paying out on all those claims?

General road condition:Presence of major intersections?

I used to be a credit manager and go around the country picking them up from major customers.Here is a sample of what one looks like: Personal guarantyIt ranges from a limited and conditional to unlimited and unconditional. 

@Redha Laafia  Perhaps pay a GC a fee to walk with you to give you quick thoughts about the property condition, major issues, and a guesstimate of overall pricing.  

This will help you in cash flowing later on and relieve you of major repairs later when you move and rent out (i.e. roof, etc.).