Cap rates and cash flow are king. Vetting and finding great tenants is the single most important thing you can do.

The lower the class rating a property is(A through D), the higher the cap rate which makes sense since it's correlated with risk. I prefer class B properties(usually slightly older home In a suburb within a reasonable commute to a major city) which to me is the sweet spot.

Single family homes or complexes? Are you willing to live in one of the units? Before buying check with the HOA regarding renting permissions; some have restrictions especially condos and co-ops.

LLCs are unnecessary(not to mention how easy it is to pierce the corporate veil) until you own more than 4 properties and subject to fair housing act.

Bigger pockets forums and r/landlord is where we hang out online. There will also be local landlord groups in your area that you can join to learn more about your specific area.

Feel free to ask more questions.

Consider property taxes when calculating ROI.

Owning a rental in Texas is autism mode and I wish we had bought properties in some other state, not where we live.

can you afford the payments it you have no tenants? can you afford if tenants decide to stop paying? do you plan on renting the entire thing out, each level seperatly or by rooms? do you know the laws surrounding being a land lord? Are you good with dealing with personal issues between people (if you have multiple tenants)?

It's a huge risk for only an extra few hundred a month.

The bolded has nothing to do with the landlord.

The biggest thing you’ll want to consider is will the property cash flow. Take the expected rent and minus out the mortgage payment, property taxes, insurance, and also a buffer for maintenance, cap ex, vacancies and property management if you don’t plan to manage yourself. That number should be positive

Also, if you want more hands off, considering looking for newer properties or properties where the major systems have been updated more recently (roof, hvac, windows, plumbing, electrical). If the house has an old roof you’ll constantly be dealing with roof leaks and eventually will have to replace it which is a big cost for example

If this was US I would say that a separate LLC is a good idea but I’d talk to your attorney/CPA to figure out the standard in France

One last thing, you don’t have to offer asking price for a house. Run your numbers on potential deals and make the offer where it makes sense for you. It may take multiple offers to get a deal that makes sense but it’s better to do this upfront than to overpay for a property and it ends up not cash flowing

Good luck!

The best advice I can give is: do a demographics check of the area... If there are too many astronauts and astro-physicists, then peace the f/ck out....

But you don't have state income tax. So it kinda evens out.

Why not?

he's probably the type of landlord that just hands out the complaint forms. doesnt care for who was right or wrong then evicts after a few complaints. then evicted tenant comes back to vandalize the place cuz they feel unjust, LOL!

Because a landlord is a landlord, not a kindergarten teacher.