Found a condo fSBO in a gated community on a lake. 2b/2b currently being rented out for 1000/month. HOA is 270/month. Sale price is 246,000 and seller will write you an 85,000 check at closing. Seller is suffering from a sudden illness and needs to close quickly.
Question is i think the rent sounds kind of cheap especially with 270/month HOA so do you think this is actually a good deal? I love the cash back but not if im goin to lose money every month!!!