Buying First Rental Property -

Expect 50% of your rental income to go toward operating expenses (excluding the mortgage) [17].

Lenders typically require a 20-25% down payment for investment properties, as they carry higher risk than primary residences. buying first rental property

Use services like Zillow Rental Manager to run credit and background checks. A bad tenant is more expensive than a vacant unit [20]. Expect 50% of your rental income to go

Renters are attracted to areas near public transportation, parks, and grocery stores [8]. and grocery stores [8].