Also, learn how to buy properties with seller financing or Subject To, or with leases and options.

It's not the prettiest thing but throws off decent cash flow for the investment.The property is just under 3 acres with 6 leased lots with tenant-owned homes and a 2/1 block building. 

From what the seller has told me all of the tenants are willing to renew their leases, and the commercial unit is still under lease for another 2 years. 

If you find it’s not for you, you don’t like talking with tenants, coordinating lease renewals, etc, by all means - find a GOOD PM.

I'm very new to land-lording and there was never any kind of a lease with her previous landlord.

They also drew up the lease, but then I took over management as that is not a service they provide. 

Even if it did, it would happen 100x less than in your regular 12 month lease situation.Unfortunately, I've experienced both of those things in my traditional rentals.   

Cleaner, faster and simpler.

If 67% of the unit owners vote to implement restrictions, you may be prohibited from renting, unless there are grandfather provisions or hardship provisions included in the restrictions.If you’re already renting when that vote passes, you should be able to continue to lease your unit for the remainder of the lease term.

For the price I could have probably picked up 6 doors or more in Memphis or another appreciating market in the south east but out of state was just too big of a leap for my first purchase and I wanted to A. stop paying rent and B. be able to leverage air BnB for more cash on all of my travel in a way I could not with my previous rental due to lease restrictions.