Greetings, I am Vaughn Johnson from PG county, Maryland.

Greetings, I am Vaughn Johnson from PG county, Maryland.

It looks like PG county would be it if I wanted to stay near the DC metro area. 

Which areas are the best neighborhoods for rental property.I have a rental in PG so thinking this area... prefer passive income since I work fulltime but do not mind rehab at onset then rent and hold.Besides numbers what are the best factors to consider like schools,crime, public transportation?

Which areas are the best neighborhoods for rental property.I have a rental in PG so thinking this area... prefer passive income since I work fulltime but do not mind rehab at onset then rent and hold.Besides numbers what are the best factors to consider like schools,crime, public transportation?

Any PG on the lease?

The tools that are helping me narrow my search are: -city-data.com-areavibes.com-rentometer.com-Biggerpockets' rental property calculatorI'm limited to PG county with my price point if I want to stay close to DC.

Business income coverage – look for this, it pays you when the renters have to move out due to damage to the property Make sure you have liability coverage (protects people on the property) of around $300,000-$1,000,000 Make the tenants get renters insurance and don’t let them have dangerous pets Setting Up Your Bank Account Have a separate checking account (income and expense) and a savings account (holds the security deposits given by the tenant) set this up 2-3 weeks before you close on the property Create a scalable system before Preparing Forms You can use a filing cabinet or simply use google drive – store application, rental minimum qualifications form... more on pg. 270 You can get a sample of these forms at www.BiggerPockets.com/LandlordBookBonus Preparing Bookkeeping Consider getting QuickBooks or some other accounting software.

(PG and DC you do however)FHA is really for people with poor credit.

., pg. 53 of The Book on Rental Property Investing), but flexible on how you might fund it.