Investing in a Condo as a Rental

[Nicole B.]

I'm trying to work my way through the numbers so I can start to get a handle on what may be a good investment. I'm looking at buy and holds and I haven't seen the place yet, so I took a stab at what update costs might be if we did most of the work ourselves. I also have no idea what the HOA fees would be, so I took a guess.

Looking at this example, it's a 2/2 1235 sqft condo in Baltimore in a B neighborhood.  I live not too far from this neighborhood and I know rental rates are roughly $1000 for a 2-bed.