A very nervous response – hoping this is not too basic!!
When you do your research, remember to factor in the time of settlement with rental vacancy cycles. If you are entering the cycle at a low – ripper , go for it and rent away. If you are entering in a higher point, take a lower rent to start, or do the reno, clean up, you have been putting off to attract the ideal tenant when you are finished and the cycle has come around again??!! (Something I did not figure on in my excitement to “get into the market”!!)
Tip two – learn from others mistakes!!! It is so much less painful – we don’t all have to be martyrs!
Hurroo!
Jen