Would you buy and keep buying these?

[Mayer M.]

He guys! Hey, Is this a good investment? Buying a 25 year old condo in a B neighborhood and including rehab costs $60k (arv is $75k+). Landlord Expenses: Condo Fees = $190 per month Property Taxes = $2200 annually Water/sewer = $1200 annually Insurance = $500 annually Income: Gross rent = $15600 annually Property is professionally and well managed. What are your thoughts on the overall investment as well as with cash vs. mortgage? Thanks

[Mayer M.]

I hear you, but my partner and I have board seats and it’s a very well managed HOA