Property taxes are not standard across the board and, as an investor planning to make money from rent, you want to be aware of how much you will be losing to taxes. However, watch out for new developments that could hurt the price of surrounding properties by, for example, causing the loss of an activity-friendly green space. The reason families, or two adults in a relationship, are generally better tenants than one person is because they are more likely to be financially stable and pay the rent regularly. This owes to the simple fact that two can live almost as cheaply as one (as far as food, rent and utilities go) while still enjoying dual income. When you do find your ideal rental property, keep your expectations realistic and make sure that your own finances are in a healthy enough state that you can wait for the property to start producing cash flow rather than needing it desperately. Real estate investing doesn't start with buying a rental property - it begins with creating the financial situation where you can buy a rental property. VA loan of 750,000 0% down next year after I graduate from nursing school to start renting out properties. I’ve had friends in the military do this and they make a considerable amount renting properties but I just don’t even know where to begin. He is from Western, NY and I am from Central N.Y. so we were going to branch out within our respective cities once we start making a profit. We will have one LLC. Can you suggest a good place to start, whether its research or what not. We understand the risk, but are very hard workers and want to be successful. Also not being close I assume it would be difficult, if I was able to buy low, to manage the repairs from long distance to get the properties rent ready. Im not opposed to turnkey companies but I will not be getting the $500-600 cash flows like you are achieving by being able to take advantage of working in your home market. Also if you could provide any guidance or tips and tricks I am a open book . Thank you for taking the time to put this article and video together for everyone.I am about to take over my mom’s business.