I'm not sure if you mean HOA due's, these are $133 per month. If you mean costs for repairs to the unit I normally budget 4-5% of the monthly rent into a slush fund for any repairs.
Many people are buying these inexpensive units with cash, but you can still get financing. You will need about 30% downpayment if you are buying a investment property.
Let me know if I can help you any further.
I think we are in a great time to acquire investment properties. I just purchased a three bedroom, 2 bathroom single family home for $54,000 that I am going to rent out. The opportunities that exist in our current market are amazing. I do agree with mike that fear is a big factor in why these deals are still out there. All the better reason to jump in before the competion does and before the prices start to head back up.
There really are some outstanding opportunities out there, aren't there?
All the best,
Mike Dobranski, REALTORÂ®
Keller Williams Realty - The Marketplace
Las Vegas / Henderson, NV