It's building with bricks windows, flooring, tiles, and location.

.#2 Make sure you have 6-9 reserves for the Condo#3 With the loan money, you can explore options with purchasing your primary residence, how much would that help your monthly mortgage instead of renting. ( don't forget about the tax benefits of homeownership in tax write offs of property taxes and interest)I am not sure how much equity you have, but if you still have cash left over, I would consider re-investing in another property. 

Landscaping seems low as well, don't forget snow removal given your location. 

A twin bed fits in there nicely and its a decent layout with a closet and a window but it is SMALL.

All major components replaced within 5 years expect windows.

But so many people also forget that principle paydown is income and on more expensive properties with big loans it can be significant.

$1500 forgetfulness tax.

FHA is great for getting in cheap, but IMO, FHA loans are very expensive over time and not really a great choice for long term financing. 

@Nick Shri A better way is to write the offers on the properties you want, but give the seller only a short window of time to respond. 

With REI, graduation is achieving your financial (specific...not, "I want to be financially independent) goals.Next, you need to forget about collecting income properties at the start.