I've analyzed it these ways:  Using $0 as cashflow, it's financially obvious that I shouldn't buy the condo.  

Knowing the person you are lending to and their financials. 2.

@John Sheil You can do everything in one of your names assuming you can qualify individually for the mortgage.

You are financially vulnerable should the corporations decide that you need to pay your share for the maintenance, manager salary, etc.

It is for people who have experience with rehabs, have deep pockets, financial analysis and an understanding of markets and market cycles. 

Heat and hot water included (no individual meters).

I am currently 19 years old and I have a MAD desire to be financially free.

Just wondering so I can make sure to respond back to individuallys correctly.  

I manage property for a living, some of which are condos, and individual condo management is by far the easiest.

I've considered it but have not executed.In regards to the heloc if I understand things correctly you will not be able to take out a heloc on a investment property but simply a loc or a blanket/commercial loan depending on the financial institution you decide to approach with the situation.