Hello everyone, what should I look for When I inspect/ tour a condo for the first time?

No way to finance single room condo 4.

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.   

Was the condo a good size unit and in good condition?  

Property is 1 bed condo, First floor, build in 1993 and we are buying at 130K in Florida. 

I still owe about $140k on the current condo.  

I'd recommend looking for a house versus a condo.

While your condo snowball strategy builds equity, modest cash flow and HOA fees may limit returns.

I find condos/townhomes to be easier to manage out of state because the HOA handles a lot of the maintenance, just be aware of condo fees and find a place that is reasonable like $300-400/mo or less if you are lucky.

Hi Daniel, condos can be a great low-maintenance option for LTRs, especially for absentee landlords since the HOA handles exterior upkeep.