But biggest concern with condo is the association and how it is ran, you want to make sure its a "healthy" one. 

Had this property under contract within hours of hitting the MLS, with a clean, strong offer.

I won the deal with a very aggressive offer (at the time) and super clean terms.

My crude knowledge of the rules tells me that I would not hesitate to leave off that mortgage, with a clean conscience.

@Douglas Spence I initially was doing cleaning myself, I very quickly hired a cleaner to be more hands off.

It was a great opportunity to clean up the neighborhood where I already owned a building.

@Josh Gibson$50 a month is pretty cheap.Keep it up, but perhaps add in that it must be cut at least twice a month, and the yard cleaned of trash or normal sticks and excessive leaves.

The perfect combination is a section 8 tenant with SSI/SSDI and unemployed...we trade safe, clean, and appropriately priced units, for a long term tenant that pays rent on time, every time.In reality, none of us are real estate investors, or landlords, we're housing providers...and as a society, the progress of the most vulnerable is a direct reflection on all of us...and in the US, we're close to the worst in the civilized world at housing people.

If there are no changes, I'd still do a new lease so everything is clean. 

This is where I believe you can make a majority of your wealth; though, it's important to have healthy cash flow to keep everything operating.