I think you need to examine your motives for investing in this sector against a background of potential capital losses, an increasing regulatory headache and an enormous amount of hassle. IMO this ship has passed.

Okay so look into REIT's. That is a way to become invested in RE market without having to own any RE outright. There are private and public REIT's. Do a lot of research before you invest, learn how the income you get will be taxed. Learn how you sell your share and what are the restrictions on selling them. It's not a panacea, and generally the first step for individual investing.

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.

Do you like customer service jobs?

Save up cash and pay cash.

Find someone (start asking around) who does this; maybe one town over. Meet them, have coffee, buy their lunch. Learn before you invest.

(No, do not buy one of those midnight informercial crap on cable/local TV or "seminar"). Talkradio is also full with it).

Go slow with the cash you have.

Your post has been removed because it is primarily a business question or discussion (rule 5). Other subreddits are better equipped to address these topics:

• /r/smallbusiness is good for questions about starting, owning, and growing a small business.

• /r/realestateinvesting and /r/Landlord are good for questions about real estate investing and landlord/tenant discussions, respectively.

• /r/freelance is appropriate for general freelancing questions.

• /r/entrepreneur is good for business questions, especially about startups offering an innovative product, process, or service.

• /r/legaladvice can help you determine if you need to contact a lawyer if you have a legal issue and you may get some basic advice.

• /r/tax is appropriate for general tax questions.

If you have questions about this removal, please message the moderators.

There are a few steps you can take to increase your chances of getting into a rental property:

Start by doing your research. Look for properties in your price range and in areas that you're interested in. Make a list of potential rentals and find out what the application process is for each one.

Gather all necessary documentation. Most landlords will require you to fill out an application and provide documentation such as proof of income, a rental history, and identification. Be prepared to provide these items when you apply.

Prepare a cover letter. A cover letter is a brief letter that introduces you and explains why you're interested in the rental property. In your cover letter, you can highlight any relevant experience or qualifications you have that make you a good candidate for the rental.