First Rental - How to Overcome Mental Hurdle

[Andy Levin]

Hi,

I’m considering making my first offer on a rental property that is out of state in a college town. Cash flow would be about $200-400 per month. The house is in great condition and has nice upgrades.

I’m struggling with the fear of not renting the house and having to eat the mortgage, taxes, insurance, and property management fees. Any advice as to how I can overcome this mental hurdle?