My plan what do you think?

[Acencion M.]

I have a question. My goal is to have 15 rent homes within the next 5 years. my first step was to get my own primary home and I did 3 weeks ago. Now I want to work on buying a home to rent out. I asked a lender and he said I would need 15% down and of course closing cost. My question to the advanced investors that buy and hold,what should I be looking for? I know area has alot to do with a good rent house. I do not know the numbers though. What is the formula or what numbers need to work. I have read on several post that numbers have to work and that is the part that I am not clear on.