Buying first investment property for rental

[Nupur Kohli]

Hi everyone,

I am new to investment . I am looking at buying investment properties in and around Sacramento, Antelope, Roseville  area. The idea is buy a property as a long term investment..

Looking at houses in 500-550K range. Heard rental market is strong in Sacramento area.  Should be able to get rents in 2700-2800$ range. 

 Is this fair analysis? 

That makes it negative by 700$-800$ range per month. 

I don't plan to become net positive right away but if it balances out over next few years( 2-3 years) it would be great so it reduces my monthly costs..

Is this fair to assume ?

Any pointers to further reduce monthly cost would be appreciated! 

 Also any pointers on renting for first timers would be appreciated ! 

Thanks a lot !