I pretty much know nothing at this point so i'm very eager to learn and take the right steps towards prosperity!

It took me 6 years of personally owning, controlling and managing real estate before I got a license and could look at buyer or seller with a straight face telling I knew what I was doing.Frank

Also be sure to ask for prepayment penalties (there should be none), fund control fees, and any other fees associate with the loan (besides points).

And after the recent rent control that passed in Minneapolis and Saint Paul many investors are panicking.

Take control of the property, turn it around, charge the tenant for cleaning, repairs, and unpaid charges, and find the next renter.

Unless you can somehow get control of the HOA I would pass.  

You can receive rent, pay the bills (only if your IRA has "checkbook control") and hire contractors to do everything else. 

I need to be protected from a government that wants to control my life, my health care, my education, etc...

In REI, macro-socio-economic factors may be interesting but, ultimately, they're beyond the control of the individual investor and largely unpredictable.

It was also hard to control.