Price it against comparable rentals rather than against your mortgage, get the insurance changed to a landlord policy before anyone moves in, screen every applicant the same way in writing, and put the tenancy on a state-specific lease, because the lease is the only document you will have when something goes wrong.
Work the numbers before the property: market rent less vacancy, taxes, insurance, HOA dues, maintenance and management gives net operating income, that over the price gives the cap rate, and only once those hold up do you look at financing, which for an investment property commonly means 15 to 25 percent down at a rate above the owner-occupied one.
A guide walks a whole process at length and is written about Nevada, because that is where Kouzr operates. A glossary term defines a word. These are the questions in between: national, answerable in a sentence, and worth the page it takes to say why the sentence is true. Where the honest answer needs figures, the figures are ours and the page says which market they are from. Nothing here is legal, tax or lending advice.
