Here are a few things you should consider when searching for your rental property.
Neighborhood- the neighborhood you buy in effects the type of tenants you attract and the amount of vacancies you will experience.
Property Taxes- Since property takes vary, its something an investor needs to consider, since taxes come out of how much you make from your rental.
Schools- Tenants may have or be planning on having children, so they will need to e by good schools. Look at the school’s ratings in the area. If there are rated poorly, consider a buying a rental property in a different area.
Crime- No one wants to live in a location with a lot of crime. The police can let you know about the crime rate and types of crimes in the surround areas.
Amenities-Does the neighborhood have parks, malls, gyms, theatres, etc. These makes a rental property more desirable.
Rents- Rental income will be the bread and butter so you need to know the average rent in the area. That way you can plan for your mortgage and have an idea of what you’re going to get monthly.