Real Estate can be profitable but you have to know what you are doing.  Bad renters, law suits and tax woos await all those who dare to tackle it.  If you plan to buy the income property be careful as you could end up with a burden.  You don’t want to have too many write off and too little income.  You have to find balance or you will sink very quickly.  Rental property can be at break even if the property is appreciating. If values drop you better keep it rented or suffer a loss.  Losses are more likely if you rush into a deal that is too tight.  Firoz Patel an help you find that deal.