Check out LendingWise which has a lower monthly cost than most loan origination and management software.

Look at your monthly payment (PITI = Principal,Interest, Taxes, Insurance) + HOA + (other maintenance fees if any) and if this amount is less than what you charge for rent (whether its Long, Mid, or Short Term rentals) and you are happy with the positive cash flow, then yes.Or maybe you're breaking even with the condo but you have  knowledge that the condo will explode in value due to some business/attraction/law/policy that will prop-up the sales price in the near future, then yes.Really, it boils down to what your goals are for this first investment.

I'm a loan originator with Milo and we specialize in DSCR loans for international clientele looking to invest in STRs in the U.S. 

Originally posted by @Nikki Cooper:@Melica Thayer I am looking for properties or landlords that will allow rental Arbitrage. 

I moved properties into an llc in palm beach county and there wasn't a fee.

Hi Tempu,Some other things to consider other than rate are closing fees, loan term and pre-payment penalty.

Prior to speaking with an attorney you need to learn how the syndication model works.Underwriting, LP/GP structure, fees, etc.A great book is Best Ever Apartment Syndication - textbook for this business.Happy to provide more insight on the process, if you want to send me a DM.

There's closing costs, appraisal fee, and points to consider. 

So don't pay their assignment fee through them, they'll get paid once it closes.

I'm ok with month to month, but I also need to raise rent to current market value, add in late fees, set up auto pay, etc.