That being said, there won't be any down payment required since you have equity (you're guessing ~55,000 but I wasn't sure if you were meaning the property is ballpark worth ~$175,000, or more than that). 

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.

We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.

Even if you have an absolutely solid home and its worth over 600k, in my area the most you can rent it for is $4000 MAX.

Cash flow of $150-$300 per month is pretty common for many new investors, and whether it's 'worth it' depends on your long-term goals.

If you think/know that the proeprty is going to appreciate like crazy over the next few years, then it's worth keeping.....

Quote from @Joseph McElmeel: Any updates on if New Wealth Advisors is legit, worth it, or a scam?

If saving 20% and building direct is worth it to you I'd recommend it.

An argument can be made that you will generate a higher net worth there than say middle of nowhere Alabama.3.

Regards,Colby  Hello @Colby Burns I'm a local Realtor (Fort Worth).