When looking for a rental property, what all things should I take into consideration?

I know mortgage, taxes, insurance, vacancy, repairs and management, is there anything else I need to consider so I don't end up in over my head?

Thanks for all of your help...you have all been so sweet and generous with your advice.

Anna

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I think it all depends on what you are actually going to do with the property. Think of your purpose, why did you get that property in the first place? In any case I think this article would be useful: http://homebuying.about.com/od/taxes/qt/082807_HomeLoss.htm
make sure that you buy at a significant discount (at least 30%) so that if you need to sell you have enough equity remaining by which to create a deal for your buyer.

You'll also want to make sure that the property is in an area that you feel safe in, even at night. This helps to ensure that you'll be able to attract and keep good tenants
Hi Anna,
I also wanna invest property in real estate but I don't have any experience about it. Last year I bought a land and it gave me deep lost. I want to learn something about real estate. Thanks for your consideration.

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Anna,
You have pretty much listed everything to keep an eye out for... really the next thing would be to make sure those items are properly budgeted.
I would suggest keeping approximately 20% (although this is just a general estimate) of your rental income aside to take care of the "unexpected" expenses.
From the sale price, you'll be able to calculate your property taxes.
You can manage your property yourself - its not particularly complicated especially if you have the right resources and a reputable company. Just be sure to check their fees which can very grateful from city to city.

http://www.EZLandlordForms.com
EZ Landlord Forms- State Specific Legal Landlord Forms - everything you could ever need to effectively run your properties.
Anna,

Just checking in to see what has transpired since you posted your questions... any luck finding a place?

Best,
Stirling

http://www.EZLandlordForms.com
EZ Landlord Forms- including State Specific Legal rental lease agreements and free rental applications - everything you could ever need to effectively run your properties.
I would say first of all you should concentrate on choosing location. If this selection is gone wrong you will have to repent later. So be careful to choose your property.


http://www.cacoastalhome.com/
Scotts Valley homes, Capitola beach houses, Rio Del mar beach house

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