Hey, this is your 2nd real estate thread... so it looks like you're about to tackle it. You can't go wrong in real estate if you look at it long term. FORGET THOSE SHOWS ON HGTV... there's alot of hidden costs.
As many have said, it depends on the market and location. Are you going to rent or flip? If you rent it out, you'll got a kick ass write off! Also, if you plan on renting it out, look out for the condo fees... some condo's are cheap but they get you in the condo fees. My friend is paying $300 and change on his rental condo.
One of the best books I'm still reading is Find it, Fix it, Flip it by Michael Corbett. You can find it on amazon.
G/L it's worth the risk
