Make sure you’re clear on how financing works and what your monthly payments will look like.Property Condition: Assess the age of the property, maintenance history, and any potential repairs or upgrades that might be needed.Due Diligence: Work with professionals, like a home inspector and a trusted real estate agent, to ensure the property is sound and fits your investment goals.Analyze the Neighborhood: The location can make or break your investment.

Location of accountant: some accountants will charge more if they’re in a higher priced locationGeneralist vs specialist: if you want someone real estate specific, it will likely cost more.

The risk of the business is on you and whether you have the expertise to pick the right asset, in the right location, and operate it properly.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Hi there, I am not located in Chicago, although I did live there for 4 years at one time!

I’m not saying you have a bad deal, or I wouldn’t buy it if it was located somewhere warmer without income tax.

Are all of your properties located in the state where you reside? 

@Stephanie MbayaLSU's high rental demand and affordable property prices make it an ideal location for house hacking.

The property was in a high demand location, so it made no sense that it would be half empty. 

I look for locations that I am comfortable with, and look for the best rental yield I can get in that location.