When buying an investment property, there are several things to consider to ensure that the investment is sound and will yield good returns. Here are some key factors to keep in mind:

Location: The location of the property is one of the most important factors to consider. It should be in a desirable area that is in high demand, with good access to transportation, shopping, and other amenities.

Rental Income Potential: You should carefully evaluate the potential rental income that the property can generate. Look at the current rental rates for similar properties in the area to determine a realistic estimate of rental income.

Property Condition: You should also carefully assess the condition of the property before making a purchase. Make sure to conduct a thorough inspection to identify any repairs or maintenance that may be required.

Financing Options: You should also consider the financing options available to you. Determine how much you can afford to put down and what financing options are available to you.

Long-term Growth Potential: You should also consider the long-term growth potential of the property. Look at the local real estate market and consider trends in property values over time.

Property Management: If you are not planning to manage the property yourself, you should consider the cost of hiring a property manager. Make sure to include this cost in your calculations to ensure that the investment is profitable.

Tax Implications: Lastly, you should consider the tax implications of owning an investment property. Talk to a tax professional to understand the tax implications and how you can maximize tax benefits from owning an investment property.

Tim with assist you in all these areas to ensure you have a positive experience owning and managing investment property.