Investing into condominiums

[Jeff Wong]

Hello,

I currently own a 4-unit multifamily in East Bakersfield which is doing well for cash flow. I am looking into expanding and possibly purchasing a single unit condominium West of the 99 fwy. I am considering this because of lower cost of entry and possibly being able to cash flow ~$500/month on a 80k condo, 20% down. 

Does anyone have tips or suggestions whether going this route is a good/bad approach?