got my first rental under contract

[Kyle Guida]

a bit about me, i am 24 from illinois. i have my personal residence that i "house hack" for now, rent out 2 rooms and get 800 a month for that. I just got an offer accepted for a condo as well. the numbers. i got under contract 123 k purchase price. its remodeled. taxes are 2800 , hoa fees 180 . current rental comps are 1200-1300 . I shouldnt have a problem being at the 1300 mark as it is nicer then the other units for similar prices. i put 25 % down on it as well. What do you think of those numbers ? this is my first one so im new to this but am having a little help and coming here for additional feedback . Thanks ! 

[Dale Iurillo]

Het Kyle welcome to the club & congrats. Do you know if condo association allows condo to be rented or leased to non-owner occupants ? Do know your financials, but if you do 25 % d/p, do you have morefunds to do other deals ? Something to consider ! Also I would not take title in your own name do a land trust. Unfortunately if your doing traditional financing, they will require you do so. Not exactly a wealth building tactic. Good luck, us keep us posted.