How to buy rental properties

[Account Closed]

Hey guys,

I'm looking for ways to learn, and buy my first rental property, but I've got a few things that I don't understand. I'm looking to buy a small 1 unit, (1 bed , 1 bath) flat.

• Do you buy the flat (without furniture) and than rent it out as is? Without any furniture? Because in that case, I would have to lower my rent because similar flats are renting with similar price but WITH furniture. (bed, wardrobe, microwave oven, etc.) Or do you buy furniture separately?
• Do you find a deal and buy a flat that is in "ready to move in" state? Or do you buy and than do some reparation? If so, how do you still manage a positive cash flow?
• And finally, from all those answers, wich one would you recommend for a beginner as his first ever deal?

I would like some experienced investor's answers, but obviously everyone's help is appreciated!