Buying First Rental Property in Clovis, CA

[Brian Pham]

Hi everyone! 

I am living in San Jose, CA and looking into buying my first rental property in Clovis, CA. I found a new construction home by elev8ions that is selling for $389k and planning to put 30% down. The closing cost will be covered with the preferred lender. Would it make more sense to secure a larger down payment? 

Is there anything new I should consider? Just base off using a simple mortgage calculator, it shows that my cash flow will be positive based on the rent prices I am seeing in that neighborhood.