Housing market was heading towards a low point after the 2006-2007 bubble burst and the numerous tax advantages for new home owners made it very advantageous.

Further the Bylaws and declarations will describe what are common elements and limited common elements. 

Usually there is a Declaration, that delineates common elements from owner responsibilities.

I do think the element of college students adds to your exposure, and is good reason to at least consider umbrella protection.  

@Dominick Johnson It's crossed my mind numerous times I can get ____ done today, tomorrow, or in the future without going into work, but health care in this country is insane.

The agreement states that all must “share in the cost of the maintenance and repair… to its original conditions”.The road is a gravel road and has since developed numerous potholes in a variety of sizes.

We are in violent agreement, though you seem to be more conflicted than I am about it ... you should try to resolve that, it is not healthy to live life with that level of cognitive dissonance.The way I protect myself from a downturn is literally described in detail in numerous posts on this very thread and in my original response to you, it is a combination of equity AND cash flow AND reserves, all of which are created by appreciation.

Normally this fee is associated with "all-in" property management (taking care of most elements of the property with minimal activity for the owner).

There a numerous proptech companies that are focused on providing services to catch fraud fast.

The most important elements of raising capital aren't written in books.