Alternatively, it seems like we can make this a short-term rental.

My thought was to rent it as a mid term rental on Airbnb and vrbo etc because it’s in a desirable residential neighborhood walkable to schools and shopping. 

Also assuming my $50K, say is one unit out of 100 units, in theory my "unit" can be vacant for the term of the project (5 years) and I still receive CoC and an equity bump at the end.  

Consider your long-term plans and local zoning regulations carefully to make an informed decision.Good luck!

If you buy a condo in one of these locations and rent it out short-term, does the condo complex usually handle rentals, or do you need to find a manager?

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Heck with a high enough W2 income one can also get access to a term loan within the business.

Question #3:  Standard lease terms.

Some leases include provisions for termination upon sale or owner occupancy but adhere strictly to the terms and any required notice periods.3.

This will depend on the Hard Money Lender's terms.