Mortgage or no?

[Account Closed]

Hello all! After reading about benefits of being a landlord, I have finally entered into sales contract of my first investment (kind of, will explain) condo! Sales price is $280k and with $500 HOA and $600 tax monthly. Rent approximately can be had for $2000-2400 However, I have been looking to help my parents out so I I'll be "renting" out to them for free for foreseeable future My question is whether I should get a mortgage or not given higher rate to expect in investment condo vs primary and my lack of use in capital.