Condo for Rental

[Simon Shih]

Newbie investor

My investment plan is to buy cheap condos with cash in decent areas on town and rent them out.  I hope to buy one every 3 months.

1b 1b
560 sq ft
$35,000 (will buy cash, probably offer 32,000)
move in ready
$200 month HOA
rental $650-725 a month.

Opinions? Am I missing anything?

Thanks in advance.