Depending on how strong your assets are there are loans out there that would use your assets to get a loan approved.

I'm not sure how much you're tied to that city, but I would strongly consider moving to a more affordable market if you can.

Some aggregator sites don't differentiate between condos and co-ops so you could be looking at a co-op with an unusually high maintenance. 

@Jake Goldman Indianapolis is a strong cash flow market if you buy in the right areas.

In addition to good cash flow, both have strong economic and demographic fundamentals like job growth, population growth and a diverse, modern economy.

I'd strongly consider renting   When I lived in hawaii for a few years, I rented a room with some buddies which allowed me to continue to build my cash position before buying my first property upon relocating to the DC area.

Although the market here in Vegas is very strong and continues to increase in value, it may not be the best place for getting large ROI on buy and hold properties.

I know many HOA's won't release documentation to a buyer purchasing within the community until after appraisal and inspection of a property are complete- and then, I'm not quite sure how clear their books may be or how strong of a predictor they would provide in your estimations of future special assessments. 

Rents will not go down when demand remains strong.  

If you have a strong desire to succeed and you can realistically devote at least 15 hours a week or more to real estate as a business, then consider going active.