Like the zoho.com tip.

Feel Free to reach out with any tips and tricks and I'll surely reciprocate when I learn enough to be helpful!!!

A lot of good advice from the folks above.As with everyone else I am in agreement the Reserve Funds, Special Assessments, and mismanagement of association funds is the biggest financial risks.Next is the additional fees, app fees, move in/out fees, access card fees, background check fees, pet fees. 

are there any investors who have made this business model work and can give me some insight on this to consider and tips on how to make it profitable and beneficial for these neighborhoods?

I have already learned some helpful tips that I plan to put to use. 

Any tips on how best to broach this would be greatly appreciated.Thanks!

I'd guess 6-7 (my wife and I combined) hours per week on site maybe another hour or two on the phone per week.My tip is meet the neighbors and give them your number and ask them to call if anything is wrong.

I appreciate any feedback or tips you may have for a young student such as myself.

Scott's book on estimating rehab costs.These are just tips so you can make the best analysis of the deal and a solid presentation to potential partners. 

Any advice and tips will help