Know your credit score before you even apply for a loan. She will steer you towards good rental locations and help you determine the market value of the surrounding properties. Also, you need to decide if you have back-up funds in case a renter defaults or skips out leaving behind a [...] Buying real estate as a rental property and becoming a landlord carries a lot of responsibility. Once you find a piece of real estate, determine how much it will cost to make any repairs or upgrades, if any, to get it rent ready.
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