Should I stay away from Co-ops as an investment? Deal Analysis:

[George Torres]

Hey Guys, I'm trying to evaluate a deal here:

-It's a coop that I'm putting an offer in for 275k. It's 1800sqr ft, 3/2.5, and needs about 25k in rehab. It's in North Hollywood.

Is there anything I should be wary of besides the fact that I can't rent it out? Other comps are going for 320-350 but they're SF and Condos. Seems like a good deal to me but I think I might be missing something here. What do ya'll think? Thanks!!