You are considering purchasing investment property for rental income. The property is listed for $265,000. What factors and costs to you need to consider (be specific)? What would be your mortgage payment? What is the potential revenue from rental property? Based on your findings should you take the risk?

Take in account: Property taxes - Taxes(30% rate) - Mortgage - Insurance - Money(savings account) - You can turn the house in to an AirBnb - You can make it for short term or long term - Do a month to month analysis