Am I making a mistake?

[Lalo Alvidrez]

I am in the process of getting ready to sign on a 2br 1 1/2 bath condo. After crunching the numbers I am in the green about $50. I was going to raise rent $50 after end of lease. What's killing the deal is the HOA. It is high for that area. I am putting 20% down. I am having doubts so I'm asking here how you feel about this deal. I pretty much have talked myself out of it but just need some reassurance.

[Lalo Alvidrez]

yes the location is not bad but doesn't justify increasing rent by $200. I went ahead and killed the deal. I purchased a duplex last month and it's doing much better. Now just keeping my eyes peeled for another investment. Thank you Joe for the feedback.