First Rental Property

[Justin Crotts]

So I put an offer on a property (single family) in my area (Columbus, GA) about 40% of the houses current asking price. I'm anticipating about 10-15k in complete rehab with rental bringing in 700-800 a month after maintenance and taxes.

The property is not in the best neighborhood but it the property enables me to buy and improve with cash. Target renter for this propery would be a HUD recipient.

My question is if I go down this route, what should I expect and what can I do now to set conditions as a successful landlord.