Your P & I is about 1250/mo., assume 10% off your rent for vacancy, fixup to make rent-ready, etc., HOA of $300 and you have a negative cash flow, not even considering the opportunity cost of the $65k down and the transaction costs. Why would you do this?
OTOH, you plugged in 1% for insurance–way high. Why even get ins. on a condo since the HOA covers it?
