Condo foreclosure ... to flip or rent ?

[Stipe Ba]

Looking into purchasing a foreclosed condo to flip or even possibly rent . It's a newer condo foreclosed and a HUD property . HOA fees are reasonable and it seems like they have their stuff together . I usually deal In single family / duplex homes and have never purchased a condo. Seems like it could be a decent rental with minimal maintenance . Also I did confirm with HOA that they do allow renting the property . What's everyone's thoughts on flipping or even possibly a condo? Anything that I should look out for that might be a red flag ?