First, you need to do your research for the area(s) you are looking to invest in. Items to consider:

• Is the area you are looking at, allow rental properties (no laws or HOA restrictions)?
• What are the local zoning laws for rental properties in this area (i.e. are inspections required between tenants? Are specific inspections/tests required (lead paint/asbestos)? and so many others).
• How much have you saved up, in order to invest in rental properties? Unlike owner occupied homes, rental properties require much more down payments to finance.
• Are you financially stable that you can afford to keep up the payments on your bills and the rental property (without the rental income coming in)? This is very important as you will have vacancies and/or times tenants do not pay you on time.