1st possible deal

[Leon Trak]

Hi Guys,

I'm looking into my first potential real estate investment and would like all advice possible.

Option 1:

This property does not have a good appreciation potential, but financially appears to be cash flow positive. Based on the below info, would you recommend that I pursue this deal?

Type: Condo 1bed 1bath

Price: $28,900 (would try to pay $26,000 cash)

Current Rent: $550/month

HOA: $220/month (not sure what expenses/amenities are covered)

Option 2:

Next door is an efficiency unit with a remodeled kitchen listed for $32,000. Not currently rented. HOA is $186/month. Should be able to rent it out for $400.

Thanks,
Leon