Condo as investment?
I have found a 2/2 condo listed for 65,000 which I was thinking of offering 50k. The payment should be around $360/month (10k down) plus $116 in HOA fees. There is a similar unit for rent now for $800/month. This would be my first deal. Is there anything I should be wary of with condo deals as investments? Or anything else that doesn't look right here?