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Other than the condition of the condo, what should I ask the realtor? Why it's cheap? My guess is that the interior may be a complete mess, or the condo association has some serious problems

That is a good questions to ask. Other than that, just make sure you do your due diligence.

If the interior is torn up, then you need to look carefully. My favorites in that category are places that have a huge animal odor. You can fix that very quickly and inexpensively (relatively), but it is a major deterrent to the unsophisticated buyer.

Watch out for plumbing problems - that CAN get pricey - especially if the property was originally plumbed in polypropolene.

Also pay a lot of attention to the Condo association - I won't run a condo as a rental since I don't want to deal with condo associations. You lose a lot of control.
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