Make sure the condo is FHA-approved, allows rentals, and has no financial issues before committing.

Hello,I've had some issues with excessive costs through my property management company over the years. 

I have had no issues with using their rent collection services. 

The issue is the down payment is over $250k and no one has that or is willing to fork over that amount.

There are probably a lot of hidden issues wiht the house.

Quote from @Robyn Henderson: My family's 3 unit prewar building in Brooklyn recently had plumbing issues and I'm debating renovating each of the bathrooms.

There are also ways to go about mindset shifts if that's a serious issue, but I don't know, it sounds like you've spent time with this property, you know all about it, and you have a bunch of other stuff going on in life.For instance, you decide not to raise rent all the way to market rate....This is probably a good move if you hate maintenance calls and your tenants know to handle some maintenance themselves because they are getting a bargain deal.

One downside of MF can be the age, and insurance can be a big issue.

We value the opportunity to work with clients and partners in the real estate community.To address @David Ramirez' suggestion, if any title issues are found, the earnest money is fully refundable.

A professional manager can find qualified tenants who respect your home and handle day-to-day issues.