He said he would ask for an emergency inspection from HOA first.

So you want to do the long term mortgage first, and perhaps use a HELOCs for an emergency fund.  

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Market for deals on this day, do all non-emergency repairs this day. 

For your immediate next steps I'd recommend getting your personal finances in good shape (paying off consumer debt, increasing credit score, living on a budget, saving a healthy emergency fund and possible first down payment) and meeting more like minded individuals (which you're already trying to do) by attending local RE meetups and using websites like BP.

With spreadsheets, I can change one number (unexpected emergency expense) and have the impact felt throughout my life instantly.

Think of it as diversification, retirement $, emergency funds, etc.

I'd likely build up an emergency fund for any property expenses, and then start putting all profits into principal payments on the loan.

@Beatriz RodriguesHello,we have an STR in BIG bEAR cityAlthough we manage but our cleaning lady is the emergency contact number.Hope this helps

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