Before jumping into the condo, I’d take a closer look at whether the $300/month cash flow is worth it compared to other options, like a small multi-family property or a property in a higher-yield market.

This was found off-market through a wholesaler.

Each year, new design trends enter the market, and some others exit.

Furthermore, @Dave Meyer has a YouTube show/podcast on market trends for your reference.

I also pressure washed the exterior of the units and raised rents to market rent.

He markets himself to no end and I see more stuff from him than anyone else, but he is one giant sales pitch. 

Ensure the property’s price aligns with market trends, and work with a local realtor to help with due diligence and negotiation.Good luck!

Hi Yael, I am a featured agent from Bigger Pockets in the QC market and can assist with all of your questions.

Good to know that $1000 is higher than market.

I would recommend starting in your backyard and hone your skills if its possible, I know some markets have an extreme HCOL which may make it unfavorable in your case.