How involved do you produce yourself as a real estate agent when wholesaling houses? 

The HOA suit is likely a Foreclosure action, and yes the HOA would likely have to be paid off. 

Hey,Congrats on taking action and being in position to bring this one home.

The condo's produce excellent cash flow but even at $4,900 gross income monthly it will take a long time to come up with a sizable down payment for more units.

Congrats on getting started and taking action for your future.

Is it reasonable or beneficial to do a 30 year as long as it produces CF?

The best short position you can take against the dollar is to borrow money at a fixed interest rate, and use the money to buy income producing assets.

I am sure your looking for technical's but honestly those don't matter at this point, you need foundational actions first otherwise just like yoo-yoo dieting you'll find yourself right back in the same hole if not deeper. 

So don't waste a lot of time and effort on this avenue as it will probably produce zero revenue for you.

We will each produce an investment analysis worksheet for the selected house (we can decide on the format at the first meeting) and review the worksheets with the group at our monthly meeting.