Well it depends on the market in your area. There is a reason why condos are cheap however. They are harder to sell & do not appreciate as fast as houses. HOA fees can rise at will as well, and can triple in a year–there is no cap to HOA fee rises. Condo associations also may not keep the common space up as well, making selling harder; and if the % of owners to renters fall below a specific level, banks will not loan condo mortgages–so you need to do some homework (ps: is anything appreciating in you area at all? If not, the houses are a better sell).

In my opinion, condos are a poor choice for rentals. If they are, indeed, "so cheap," so will be your tenants. You will, in effect, be a slumlord. Condos are noisy, and you're just giving your tenants another reason to move, resulting in a high turnover rate. Invest in a solid single family home in a good neighborhood–you will be rewarded.

By the way, no property is "easy" to manage. You are in for a real surprise!

I wouldn't do it, but again, it's your choice. Good luck!