EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Having the right expectations set before investing can help you make an educated decision on if the investment is worth making for you. 

If there are problems, consider possible fixes.Consider the potential for future growth and property appreciation in the area.

That ain't easy and I expect you probably have to have a big pile of cash as probably pretty tough to get any kind of financing that makes sense.

., depreciation deductions), location desirability, market trends, and potential for future rental rate increases.By following these steps and considering all relevant factors, you can make informed decisions when analyzing the profitability of a rental property.

Be as detailed and specific as possible when mentioning your future plans, current operation/experience level, ongoing projects, etc.

You should make sure that the rental revenue meets all of your costs, including the mortgage payment, property taxes, insurance, maintenance, and vacancy allowance, since monthly rental prices might range from $1,000 to $1,600.Property Appreciation: Take into account the market's expected and past rates of property appreciation.

it goes without saying that you never want to be in this position again - raising rents is a must in the future. 

It would be helpful if future PM details could be shared here.  

Once you sign that agreement, you have a legal and binding document.Some fees that are placed in addition to a percentage are to help reduce the agent's fees - especially if the expected commission will not provide the agent with an adequate paycheck after the broker's cut and other investments that the agent had to make in order to help the buyer purchase a home have been removed from the commission.The challenge of the buyer is to make sure they have the funds to pay the agent.