Dues need to be reasonable for current owners and resale - budget needs to work and the overall care of facility is vital.

Building community with dinners, parties, and group outings also becomes vital.

No...a landlord cannot turn off utilities:"It is illegal for a landlord to interfere with or cut off any "vital service".

In order to save yourself HUGE out of pocket costs, it is vital that you take control of the 3 major risks you have when a contractor is working on your property.. 1)Contractor damage they don’t want to pay for.

Being highly experienced in construction I can almost guarantee you’re missing some vital soft cost as well as site preparation cost.  

Its very vital to have a good PM..

Getting preapproved through a lender is also vital.

It's absolutely vital that you invest in a market and area that is growing, people are moving there, property is in demand (so it will be impossible to find a $5k house, and that's a good thing), vacancy is low.

The ability to create an estimate for remodels and repairs for exactly what you want can be vital when you are receiving bids from contractors in the 10’s or even 100’s of thousands or dollars.Familiarization of the local area: as an adjuster we are in and out of neighborhoods all over the area in which they live/work.

Absolutely a vital tool if you ask me!