Buying First Rental Property -

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

The work begins once you hold the keys. Treat the property like a professional business. buying first rental property

Once you find a property, move with intention but remain skeptical until the data is verified. Renters are attracted to areas near public transportation,

Use services like Zillow Rental Manager to run credit and background checks. A bad tenant is more expensive than a vacant unit [20]. Once you find a property, move with intention

Calculate the Net Operating Income divided by the purchase price to understand the property's efficiency in generating income [5, 15]. 📍 Phase 2: Market Selection and Property Search

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

Monthly rent should ideally be at least 1% of the purchase price [16].