Risk Assessment: Consider vacancy rates, potential repairs, and unexpected expenses.Once you're comfortable analyzing a few deals, you’ll be in a great spot to pull the trigger on your first property.If you need help with financing or want advice on what options might work for you, feel free to reach out.

Get pre-approved for a loan, set up alerts, and assess older properties.

Your HOA will likely keep increasing and because of the excessive heat, roofs get replaced more than in other areas and if the HOA is not super liquid, that will come back to you in the form of an assessment.

Just make sure you’re comfortable with the repayment terms.Cash Savings: If you’re hesitant to dip into your non-retirement savings, try to assess whether you could use a portion of it for the flip while keeping enough for emergencies.

Be pro-active and assess risk now and not re-active when a GP drops a request on you.

Appreciate your assessment! 

You bought it as a primary and kept it to start investing, but that doesn't sound like a good investment and HOA can keep going up or there can be assessments and your appreciation is much lower in a condo than a single-family.

Assess your liquid savings (cash, short-term investments) and allocate a safe portion for your real estate investment.

In most markets, there is a cap on tax rise when you own the property, but once it sells, it goes uncapped and you will owe the full tax on the current assessed value.

Can't even find a way to get in to assess the damage properly myself though.