@Terry Lao Yup, @Austin Fruechting nailed it.  

That way, they'll know exactly what you expect and can work on nailing those details.Hope this helps a bit!

Lastly, you're going to want to really nail your design.

It is one way to nail down a solid operating agreement and present a business entity, but is not always necessary for the solo investor.

@David C.You nail it.

The idea is to expand my portfolio with some appreciation properties without much skin in the game so I can preserve my capital to add cash flowing properties as I see fit. $10K/year feels like a small price to pay for the long game.

By failing to update the data each year, or ignoring the need for preventative maintenance and repairs, they will continually fall behind with the overall funding, which will result in extensive deferred maintenance that is obvious, and at some point, a Special Assessment or Loan, to "catch up".The Association's reason for being, and the Board's only job, is to maintain, protect, and preserve ALL of the common and limited common elements of the project.

Sell it to them that you need to know for liability reasons when the contractor is finished and vacated the property.One important thing to be sure the contractor does is cleans up any debris including but not limited to used nails. 

Nailed it.

BUT, can it be nailed and glued back together.