What did you wish you knew before starting your first rental?

[Halley Havlicek]

Hi! I have been researching & learning about real estate for the past year and am now starting to get serious about purchasing a property to ultimately use as a ST or LT rental. I am only 25 and still have a lot to learn. So what did you wish you knew before purchasing and starting your first rental property business? What can I do to prepare more for my first rental business per taxes, contracts, tenants, etc. I am currently looking at 1 or 2 bed condos in the mountains or Denver area. Thanks!