I have done some online research but am interested to hear firsthand what things I should be prepared for and probably expect as a new landlord. 

Considering my inexperience in the market driving a lack of capital prepared, I've been looking at the requirements of an FHA loan.

None the less be prepared for anything that can come your way. 

However, be prepared for potentially higher interest rates on investment properties compared to primary residences.Cash Flow Considerations:While your primary goal is appreciation, aim for at least neutral cash flow to cover your expenses.

In addition, they will need space in the common areas for their stuff as well (think refrigerator & pantry for food, etc.)No background check will show how clean they are, how they respect your space, whether they are a loud person, or a night owl, who they invite over to stay with them and such.  

After you have some experience, you will be better prepared to branch to other RE markets.good luck

Rent Out Their Home: Prepare your parents' home for the rental market to generate income.2.

I believe your first move should be showing the notice with your tax preparer from 2020. 

I currently own a food truck/restaurant and real estate is my next career move.

"Statistically" meaning NOT every time or situation, but over the long haul.Too many investors jump into Class C properties expecting Class A results, are ill-prepared for the risks and then complain someone took advantage of them when it doesn't work out per their naive plans.DM us if you'd like to continue to discuss:)