Open Question: Can I just buy a condo to rent it out? Would it cover Mortgage?

I have been paying almost 2200 dollars in credit card debt every month and it is paid off. What should I do with this money. The only debt I have is mortgage.
Should I pay off my mortgage (fixed rate, 25 years to go), invest in a ROTH IRA or put aside money for my daughters college or a little bit of all.

Open Question: Can we live without bank fees, credit cards and loans and How?

When my husband and I first moved together, we didn't have any credit cards or bank because we couldn't afford the fees and had no credit. Then we made more money, bought a house and opened a checking, savings, and credit card accounts. Now most of our income goes to the bank. I did an excel sheet (very detailed) with all our expenses categorized into four categories: Unavoidable (food, gas, mortgage), Avoidable (bank, credit), Needed (home repairs), and Luxury. Loans, bank fees and credit cards payments were about 20% of the total expenses and only included minimum payments. We only make enough money to pay 50% of total expenses, meaning we were living off of credit for the remainder of expenses. And these numbers didn't include the additional fees the banks and credit cards charge us if we are late or have overdraft fees which average us over $1000 per year. If we had no bank accounts, loans or credit cards we would be living perfectly balanced like our first years together.

Open Question: Can I just buy a condo to rent it out? Would it cover Mortgage?

There is a condo for sale for $169,000. I have 40K in equity saved. I currently have an under the table job. So, my job can not pay for it.

I was wondering if I could just pay 40K up front. Get a Bank Loan. And then Rent the Apartment to someone for say 1100 a month. Would that pay for the mortgage? Is this possible?

Any and all information would be helpful. How much in mortgage am I looking at?

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