@William Sousahome owner associations are just what they sound like.

Do you belong to a hotel association??

I associate your name good, solid, info based in fact and experience.

@Mark Duda here in California the association of Realtors has a referral network that was built by members.

Mean you have to pay association fee right?

Your description doesn't sound like a place that needs a full time manager so unless they are performing other services that cost is way out of line and I find it hard to believe an association can remain solvent giving up 33% to a pm. 8% for reserves is actually pretty low in most cases.

We are a member of the FEA and do continuing education for the CPA Associations and Bar Associations.  

For example, if I know that Dollar General wants to lease the property, I can look at their site requirements and calculate the costs associated with bringing the property up to those standards.

@Varinder Kumar,If you can, try choosing a name this neutral and generic, like "xxx Associates", "xxx Industries", "xxx Enterprises", maybe add "of (state-name)", if needed.

The cash I have saved I will use for flips since those are a quicker turnaround on my money and it saves me significantly on the holding costs associated with loans but for my future cash flowing rental properties having cash doesn't help me I need to be able to secure loans to leverage.