Co-op Condo for sale

[Jovani E.]

Hello Everyone,
I've been following BiggerPockets for a few years now. I live in Las Vegas and now that I am in a position to buy, I have been looking at properties on Zillow. Every day, for the last week, I have been analyzing properties for sale to see if they would cash flow.

Anyways, I came across a property that is a co-op condo. After putting the numbers in the rental calculator, it cashflows +216 a month. 

This was the first property I found that would cash flow with a 30-year mortgage with 20% down. On the description of the Zillow listing, it states a tenant is in place at 1500 dollars a month. I figured any cashflow is great; especially in the Las Vegas market.

I called the association of the property to get some more information. The monthly HOA covers: Association Management, Insurance, Maintenance Grounds, Sewer, Security, Taxes, Trash, and water.

What next steps would you guys take to get a better idea about this deal?

Are there things I am missing on this?