Condo's typically are cheaper entries but have additional HOA costs which usually eat profits. 

Depending upon the size of the deal a hard money loan might eat 25% of the profit.

That is why people describe the commercial space as more of a dog-eat-dog environment.

Give your family 1 fish to eat 1 meal  or teach them how to fish to eat for a lifetime? 

You simply had to eat the costs.

You could end up paying holding costs like loan interest, property taxes, and maintenance for longer than expected, which can eat into your profits.Then there's the issue of selling for less than you expected.

So, agree with @Nathan Gesner about letting the tenant prove there is unhealthy mold issue.Will point out though, that there is probably mold behind the shower tile walls.

If you plan on selling it, I wouldn't take out a mortgage if you could do it with cash as financing will eat into your profits. 

I've saved my clients thousands and huge mistakes that the builder would have made them eat. 

Over time, gain knowledge and experience so that one day 3 or 4 deals down the road, one is ready to handle the huge responsibility of taking care of other people’s cash.One should also take stock of where they are at - what strength and capabilities they have, what income, what amount of capital, who their social and professional sphere is, etc etc and then come up with a real aka tic plan as to how to proceed.This all can be done but it takes a cold hard assessment of reality and then consistent effort over time to make it happen.Now that @Amir owns some rental property, he can tell his friends, family and associates about it and as they see him do well, NOW he will have more success asking for capital to do bigger deals.There’s an expression How does one eat an elephant?