I’ve been coming across some condos in tourist type areas that you can purchase as a condo but can be put on a rental program to be rented out when it’s not being used by the owner.

It looks like this is a New York State program. 

Completing this form is very tricky, and I highly recommend you leave it to a tax professional who has done it before.Yes, there is some audit risk involved, but not much more than your usual risk of simply being in business.

Maybe asking about the time involved and legal fees so far can help set the frame of my offers.

I understand there are risks involved and being a landlord is a full time job; but what I wanted to know is if it's as bad as naysayers say it is.My dad thinks I should do it and said he wishes he did that when he was young.

Once you move past the owner occupied I would say is when the game changes and you will be looking for a bank that will lend more on the property and risks involved beings it will be a true investment from the banks perspective. 

Are there any specific funding programs you think I should look at so I can be in biz? 

And I’m looking to get involved in these rental properties .

It is one, but it also makes getting involved more inviting and friendly. 

How do I sell my property what is the procedure, seller and buyer commission, why does a attorney need to be involved etc?