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.

Generally, you can expect credit card activity to be reported to the credit bureaus every 30 to 45 days, usually at the end of the billing cycle. 

Your discipline and focus on your financial future are commendable.When it comes to deciding between real estate investing and the stock market, both have their unique advantages, especially when considering the power of compounding interest.

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

I know I might work harder but at the end of the day it will be on my own terms and will go towards building a better future for my family. 

Not expecting any major rehabs, so my original scope to consider is solely for my tenants and anything related to the operations.

@Wayne Brooks your explanation is what I would expect but I keep reading on various lawyer web sites that the transfer tax is 7% of the current mortgage which for a 150k mortgage is 10,500, which is just nutz!

I'd like to use for future endeavors. 

It is a common practice in the industry to ensure the property aligns with your investment criteria and expectations.

How much are you expecting to profit on this one?