In that case you have an alligator that eats your lunch. 

A condo will have a monthly Condo Owner Association (COA) Fee which will eat into your cash flow.  

Wondering how much of my cash flow the CPA will eat up.Thanks!

We have property management to deal with the tenants and maintenance, but it does eat into the profits slightly.

Five hours in comfy chairs, watching tv, reading the free newspaper, eating free food, and drinking free beers vs . . . sitting in an airport bar?  

The taxes alone can eat away any profit.

Do you know how to 'eat an elephant'?

But if I put it up as a starter home with minor fixup needed, then I definitely need to go through a realtor and that will eat up $10K. and I will probably need to offer a flooring allowance. 

I'd probably even stop putting into 401k, get rid of any car payment you have...really downsize your whole life as much as possible so that after paying for your basics...and I mean truly basics (eating Ramen, cereal, and rice for your meals) then you can pay down the condo as quickly as possible while taking advantage of all the tax write offs (you can now claim the repairs to the condo to offset the money coming in from the rent)Now is your time to hustle so that when you come out the other side of this you're in a better position, and you'll have learned a ton more than that.Best of luck!

It's much easier to eat the costs of expenses when you have rent, a new security deposit, etc.