There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.   

.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

Begin by targeting distressed properties in gentrifying neighborhoods, securing financing through hard money lenders or private investors, and focusing on cost-effective renovations.

My current situation is that I always flip with other people’s money.

You’d be shocked by how little actual screening many PMC’s do!

Did you use a hard money loan for this? 

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

Nate I would use a low money down owner occ 2-4 unit loan which allows the highest DTI possible.

Their focus is actually to buy rentals for people that already have money to invest, I had to go around asking about wholesaling. 

It's mostly retired people or people who have no money.