FHA can be a pain to deal with--very picky inspections and required mortgage insurance that adds to your monthly cost. 

Student loans are a pain in the you know what.

So not only can I not recommend them, I now have to take the long and painful journey of finding a good one for myself. 

Hey Steve,I'm currently serving on the governing board for our condominium's as well and have been working through the growing pains of moving towards a smoke-free property as well.

It doesn't sound like her pain point (immediate cash) matches up with your desire (little money out of pocket).I'm scratching my head to figure out what I'm misreading or misunderstanding in terms of this deal and why it's right for you.

that thing was a huge pain for me to get around.

You have to deal with the excessive moisture issue (poor ventilation, chronic leaking).Outlets not working in the kitchen is also not a big deal as long it's not a sign of major wiring problems (old wiring, rodent damage, fire damage, etc.).A single busted pipe is also not a big issue assuming it's the only busted pipe and not a sign of other possible leaks due to poor winterizing.

Don't make your first experience in acquiring a rental property so painful that you never want to buy again.

While this is true, it also leads to the fact that more elderly people are living with chronic conditions.

Are these people with chronic health issues that eventually prevent them from being successful?