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Step 1
Learn the real estate market in your rental area. Look online to see the prices of the condos. Know the area's demographics. Visit the area and observe the neighborhood and the tenants.
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Step 2
Know how much the condos in your area have sold for. Check for prices posted online. Most states are disclosure states meaning that sales prices are public record. Visit the website of the county appraiser. Check to see what similar condos have sold for in the area.
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Step 3
Find out what sort of rent the condos are getting. You can ask a real estate agent.
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Step 4
Look at the demand in the area. You want enough renters out there to easily be able to rent out your condo.
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Step 5
Carefully select the building that you want to buy your condo in. Choose a well-run Homeowners Association.
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Step 6
Decide how much money you want to spend.
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Step 7
Find out what it takes to be a landlord. Look into state and municipal laws.











