Newbie condo purchase

[Sean Delaney]

Looking to put an offer in an a condo unit. I have never purchased a condo and looking for some BP advice!

Purchase price $138,000

4 bedroom 3 bath, completely redone ( granite counter, bamboo wood floors, SS appliances, new heat pump and hot water.

Tenant in place with monthly rent of $1,800

HOA monthly is $260

20% down- 27,600

Taxes- $1,500

Any advice would be greatly appreciated.

Thanks BP nation!