-Maintenance and operating costs are minimal, comparatively speaking.

I collect rent online, I use a service called pay simple but you could easily use quick books as well minimizing the need to actually go to the property.Look at the prices and determine if 610/room is a good option.  

All the above is correct re DF here's how to protect the buyer and seller and minimize the risk with Sub2The Dreaded Due on Sale Clause..First what the heck is it?

This building is almost brand new so the maintenance is minimal, which would give a higher NOI.

House is also do for a new roof, but decking seems to be in good shape and should need minimal work and the attic is as dry as a bone.

I like to minimize risk personally.  

Since I'm working my agent pretty hard and this is a minimal commission I'll go ahead and pay the fee without significant whining, but it probably should have been brought up prior to the actual contract being drawn up, so live and learn!

Honestly at this point you should just be looking to minimize your loss because you made a big mistake in buying it to begin with.  

Only problem I have is I only have 40k in the bank but also have a steady income of $3,800 a month with minimal expenses (Still live with parents, owe 20k in student loans) Is this property affordable for me and what is the minimum I would have to put down as a 1st time home owner?

I have to assume is totally valid.To minimize my losses, I'm thinking to do the following and I'll greatly appreciate your feedback if it is feasible/possible:Unless I'm mistaken, there is a 10 day redemption period in Florida for the homeowner to pay the $13,00 and cancel the HOA foreclosure.