Renting a Condo without rehab

[Chris Alfter]

For my first real estate investment I have access to the funds that would allow me to put 20% down on 2 or 3 $200,000ish Condos.

The Condo’s are in good condition and would not need any rehab.

Is it smart, stupid, wise, unwise if I purchased the Condos with a 20% down, and rented them out at a proper rental rate (which would be a few hundred dollars higher than the mortgage)??? It definitely wouldn't be a BRRRR, more of a B&R (Buy and Rent lol) but it would Cashflow.

I was hoping to get some pro tip input on this topic if anyone can help. I’m also open to alternative suggestions if any pro investors are able to offer input. Thanks.