It's easy to post a home run.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

But my realtor said they are going to do special assessment on this property and HOA runs badly. ( We requested HOA reserve document but no answers. ) We wanted to wait to see how special assessment going and close. 

When I see ones much more than that like yours in the $700s to well over $1000, run.

I have been in the books and came accross Bigger Pockets, i would like to dive head first into real estate investing but the un known is a little scary.

There are so many plays to run in this game I don't have time to type them all. 

Run the numbers.

This is a single private sewer line that runs down the middle of the houses, and each house connect to it.

If this were my property, I’d run a detailed rental analysis (from what I’ve read in Forbes) to see if the short term route could outpace traditional leasing.

You will probably run into some issues and need to budget for that.You budgeted 5k for unforeseen expenses on a 4000sft home.