Just don't let it stop you from getting started.My mission and vision, personally, also involve my passion for helping neighborhoods, homeowners and tenants.  

If you're just learning about this business and also a new first-time homeowner, I'd think it could be an advantage to live on-site.

The offices of the HOA may come up among the search results: <sub-division name> Home Owner's Association.

The other question becomes are we getting sideways with any legal requirements as we obviously don't want to open ourselves up to these kind of potential issues.I also assume that we would reduce our homeowners insurance to a structural only kind of policy and allow them to obtain a renters insurance policy of their choosing? 

I'm not a real estate pro -- just a homeowner looking for some guidance on how to handle our situation. 

I believe that would typically be covered by the homeowners policy automatically.

I have a subject to deal that has a home owners association.

That's my plan exactly but will I be able to buy a quad with me being a first time home owner I live in CT

Selling to owner occupied homeowner's means your brokerage will need to be compliant with Dodd-Frank, the SAFE Act, Reg.

One sure fire way to motivated a distressed homeowner is to buy their furniture.