The FD200ti is a terminal for First Data merchant accounts only. It has a built in check reader and ports for USB, phone, and ethernet are standard. A pinpad for pin debit transactions is optional.
Here is the official First Data Quick Set up Guide, It’s not the full manual, but will help you get started. http://www.firstdata.com/downloads/marketing-merchant/FD200Ti_Set_up_Guide.pdf
Is the fd200ti the right solution for your condo association? If your goal is to eliminate checks and cash, then the answer is no. A more appropriate solution is probably a card reader with virtual terminal that will store card data for recurring billing, or EBPP to send invoices and collect payments. This is especially relevant for condos with multiple properties that are frequently not on the premises.
See also related article: First Data FD200Ti Terminal price review