However, each state has unique rules that if you go under contract using the standard state contract language, that you have a condo doc contingency that allows you to review the HOA financials for a set period of time like 7 days for example and have the option to back out of the contract for whatever reason.

These type of properties can only be run successfully by large multi property operators because of unique and extremely costly insurance requirements

I'm a fan of the BP podcast and read a few books but I'm just struggling to find anything that matches my unique living situation. 

Renter's insurance wouldn't cover that and then there would be no coverage on the building.Doesn't seem to make sense that you could get that to work to actually cover the building itself - which is what your lender is going to require......But there are some unique insurance policy features out there and I am definitely no expert.

We are also looking to do a lot more options and JV wholesale deals since we have such a large base of unique cash buyers.

Very similar growth as we've seen in Austin in terms of scale but unique in nature.

I have a few listings in Butte and it is one of the most unique and potentially lucrative markets in all of Montana.

The boilerplate answer is that it depends on your investable capital, ability/willingness to take risks, unique circumstances, investment horizon, legal concerns and liquidity (among a few factors).In your particular case (assuming you're under 35), it boils down to ability/willingness to take risks and investment objectives (closely tied with education and investment expectations).

Keep that in mind as its a unique product and that may limit your buyer pool.  

Did have to go through a unique bank to set it up the way I intend to manage the funds.