Your returns can be easily destroyed by HOA fees and you have little to no control over them.Does the condo association have any restrictions on rental units? 

After you wire your money, you have no control and no responsibilities. 

You'll want copies of existing leases and have full understanding of rent control laws, you will most likely need to ask existing tenants to leave.   

We are doing a lot of damage control due to this, and it makes me angry that I feel he took advantage of my Section 8 tenants.

If the house only has one zone, than you are not able to control the heat except at that one location. 

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

It’s a sophisticated way of controlling the density of voucher holders.

It's nothing you can control.

Los Angeles has one of the strictest rent control laws and ordinances in the country.

Does anyone have a Colorado law reference that details the landlord's financial liabilities if a rental property becomes uninhabitable due to something outside of the normal Landlord or tenant's control (i.e. natural or human caused  disaster, system failure like sewer or city water breaks etc.?).