Active Duty Potential Rental

[Jennifer Santana]

I helped my mother purchase a home under my name. She wants to move and asked if I want to keep the house and rent it out. She's been paying the mortgage ($300 extra per payment too.) I have no debt. Not even student loans or a car loan! I am able to max out my tsp (military version of my 401k) and on track to max out my Roth IRA. I will be stationed in VA and the house will be in PA so about four hours away. Since I am debt free, max out my retirement accounts and have a good amount left over each paycheck and of course in savings, financially the next step I want to take is investing an a rental property. Should I go for it? If I do what should I be aware of? If not, why not go for it? Currently the mortgage is $137,000. The minimum each month is $1042.