Either, way yes this is a very common scenario.

First, there is a reason "Pro" Investors commonly speak of there extensive use of P.M.

Poorly run HOAs, hoarding neighbors, and onerous rules are few of the pitfalls.

Price cuts are becoming more common.

Seriously, on average, he has a closing everyday, commonly two, not to mention all the showings and paperwork but is now just sitting at home.This lack of activity does not appear to have affected prices yet.

In general, 3-5 or under could be a simple Joint-Venture or Tenant-In-Common arrangement.

I was curious what are the common repairs needed on these types of houses?

One type of mod that was common around 2011-2013 was a graduated one.

Due to the fact that I will not have access to the amenities for an extended period of time such as gym, pool and common areas and minor service requests which I have been doing myself (cleaned clogs in sink and toilet).

One thing I see is its common in our market to do sewer scopes even on new construction.. out east its rarely done and many people end up with having to replace the waste line.