I don't own rental property, but I would think that a lot depends on the condition and the location. Why type of renters is it going to attract. Some people rent because they don't want the responsibility of maintaining a house. They are willing to pay the price to have a nice place with good maintenance they can depend on. Then there are those who rent because they can't afford to buy. Some, not all, can be irresponsible, causing damage, having noisy parties that disturb neighbors and cause problems. It can be hard to get undesireable people evicted.
Also, I'm wondering, since it's a condo, are you permitted to buy and then lease it to someone else?
IF not now, when?