I want to buy a condo. What’s the pros and cons?

[Justin Reyes]

Hello I'm looking to buy a condo. There is this one bedroom condo for sale that's about $100k. I want to buy it because it's in a prime location and I'm sure will be easy to rent out. I was looking to take a FHA loan out for the condo and my payments would be about $550 a month plus a $178 condo fee. I know some people that live in the complex that have a similar layout that's paying $1300 for rent. The cash flow seems to be there but I keep hearing negative comments about buying condos. Does anyone have any advice or experience in buying condos?