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I've been thinking about getting into having some rental property...

But honestly have no idea how to start. Some of my lingering questions I ask myself when I start thinking about it if you wouldn't mind giving me your thoughts.

How much capital do you have to have to get into a rental property and not lose your shirt?

Why are people going to rent from you for equal to or more than what you are paying on the mortgage?

Where do you look for your properties? High end of town or low end of town? Somewhere in the middle?

What kind of reserve fund do you need to have for emergency repairs and refurbishment?

What are your thoughts on these servicing companies who will "manage" your property for $80/month? I'm guessing they are nothing more than a collection agency and a call service for repairs/issues and send you a bill for the repairs with a markup on the work.

(In response to this post by HokieHutch)

Posted: 07/08/2020 at 3:35PM

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