Hello all, My name is Kyle and I am new to the world of professional Real Estate.

He is an electrician by trade and I have picked up a lot from him in that field and also other skills that is just on the job landlord training.Recently the family business in one of the mixed use commercial areas suffered a fire and we had to move the entire business to the vacant commercial property in the other building.

I actually pre-screen based off social media before even showing the unit. 

Insurance is going to be your main issue, as it is costly and having been on three boards, we were risk averse to changing it or losing it as I recall insurers bringing up details from bbq to pets, etc. and when you have a claim, really it seemed a struggle, and if they can get out of paying they will..even got dropped once...Maybe have the master policy professionally examined to see what is allowed and, worst case, explore if you can get legal help to work out a mechanism to hold the association harmless (be it your own policy, plus umbrella, and maybe indemnify the association for any claim)....some great advice here and some firms may be more willing to write the policy.

They are nice young working professionals, and I have no doubt they will, if not already, return their deposit share back to the leaving tenant.

I do have some beginner questions about a theoretical loan for ~100-200k:- How early can I get pre-qualified for an FHA or Conventional Loan?

You went in for a buy, but you were not pre approved for a mortgage.You are not a veteran, because you are still on active duty.Appraisal, inspections, attorney fees, are always out of pocket, regardless of your mtg approval.You can get a regular loan- depends on how much.

Pre-Payment Penalties ?

Everyday I am learning new things from professionals, websites like BiggerPockets, some available webinars and more.

Tell her to get pre approved for a loan or have her look around for state grants or programs that she might qualify for, sometimes they have no money down grants and stuff like that.