The first thing you’ll need to do if you want to get into the rental property market is to create a plan. Think of your real estate investment business as a real business even if you only plan to buy one piece of property to rent out.
California Wholesale Real Estate: Consider what you want to spend for the property, what it will cost to repair it and prepare it for tenants, advertising, background checks and credit checks, what it will take to maintain it, and what you’ll charge for rent.