Nervous about my first investment / rental property

[Bobby Woell]

I'm not a risky investor. In fact, I've always just put my money in a savings account. I'm looking to purchase a rental for under $100,000. I have my eye on a turn key $90,000 condo which rents for $1,000 a month. Mortgage, HOA, taxes and insurance will cost me roughly $750 a month. Seems like a good investment to me.

My only real estate experience is buying my first and only house in 2006 when I was 23 years old. Within a year, the market crashed. I grinded my way through that but I never saw the crash coming which makes me fear another crash is coming right after I purchase a rental. 

Anybody with similar experiences and ways you worked through the fears would be greatly appreciated.