Look at your monthly payment (PITI = Principal,Interest, Taxes, Insurance) + HOA + (other maintenance fees if any) and if this amount is less than what you charge for rent (whether its Long, Mid, or Short Term rentals) and you are happy with the positive cash flow, then yes.Or maybe you're breaking even with the condo but you have  knowledge that the condo will explode in value due to some business/attraction/law/policy that will prop-up the sales price in the near future, then yes.Really, it boils down to what your goals are for this first investment.

home prices exploded and so did the rents.  

Since rates exploded, I have not seen any killer first-year deals.

Do you routinely hear horror stories about them exploding or killing people?

I think if when rates dip into the 5's or high 5s the market is going to really explode.

It’s your fault if you built into your numbers ever exploding rent growth.

Sometimes if a small suburban market is exploding with growth turning into a strong suburban market than lots of brands want the corner.

( My head exploded when I read that.) 

If you see a lot of construction going on that's a good sign of progress to get in on before it explodes.

For long-term sustainable wealth, rather than short-term gains, there are still viable options available, especially for those who can envision what Tulum will become in the next 3-8 years.I also want to share that there's another location I believe is on the brink of exploding as an emerging market due to the Mayan train.