Top three things you look for when considering a rental property?

[David Honeycutt]

Hey guys my first time posting on the forum, I've been a long time follower of BP. I am now searching to purchase my first rental property and I was wondering what are the top three things you look for in a potential rental property to buy and hold?

Thanks

David

[Lee G.]

Most say location, location, location.  To dig deeper into that concept I look for at least 3-5 selling points for why  I like the location which can be for different reasons such as....being Close to a good school/ close to desirable locations such as shopping, sports arenas/Beautiful trees/ near transportation/ near hospital.  When it's time to sell, you want to have clear selling points and having several desirable points will protect your investment in the long run.  I believe the other factors will work themselves out in the long run if you have multiple location selling points.