Why are you buying this rental property? Before jumping into the numbers, dig into your “why.”
Here’s what to consider:
• Is it in an area you love or visit often — somewhere you’ll actually check on?
• Is there instant equity potential — a sweat-equity project, a below-market deal, or a unique investment angle?
• Is it near your kids’ college where you could rent to them or other students?
Don’t buy a rental coldheartedly based only on turnkey numbers or someone else’s pitch. The best deals usually have an X-factor — a strategic advantage that gives you confidence, control, or a personal edge.
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