HIRE AN AGENT!!
1. Pick the Right Property. Be sure the property is located where demand for rentals
is high, and buy the type of property that is in demand.
2. Run your Numbers. Purchase costs. Ownership costs. Income. Taxes. Profitability.
3. Choose Tenants Wisely. Set standards. Applications and screening.
4. Know The Law. Federal and State Laws. Local ordinances. Homeowners Associations.