With a basis of $138k and only $1,000 monthly rent, your well below the 1% rule (a basic back-of-the-envelope calculation used by investors to quickly determine a go or no-go decision). 

Also, you can check out some comps in your market that sold quickly to see what others are doing. 

And wisdom tells me that I better do some homework on the HOA’s that I buy into, because they could turn a cash flowing property into a nightmare real quick.

I continued to look for investors everywhere I went. at street fairs, through my small network of home owners and business people, hosted seminars on finding and doing fix and flips and built up a group of investors who encouraged me to find them development deals. 

I currently have 2 in the cooker and another that I can not financially get to quick enough.   

@Scott Smith, please correct me if there's anything I missed in that quick analysis. 

A quick thing to do is put the address in Trulia and look at the crime heat map there.

If this property isn't selling quickly, you might have a shot at getting it at your price.

I appreciate the links and the quick walk-through of how to use the forum and site.

That allowed me to quickly see where my income was coming from and where my expenses were going out.