The simple issues here have somewhat covered. Understand what you can afford first and foremost. Cash is king and investing is no fun if you have no life. Secondly – do not waste time on an investment that you don't see growth in. Property does not have to be seen on a ten year return  basis. Many groups will suggest this as it provides sufficient time to cover their lack of knowledge on market movement. A well researched property investment should provide returns in 12 – 24 months.