Hand on or hands off Landlord
Land lording requires your time and involvement , such as finding the right tenant, regular inspection, maintenance, rent collection etc Consider how involved you wish to be with the property.
Do you have the time to be a hands on landlord, taking care of every complexity or are you a hands off armchair landlord.
The concept of arm chair property has become very popular in recent years especially among those who have a busy lifestyle.
In a fully managed arm chair investment you leave the management of your property to a specialist. You can literally enjoy the fruits of your investment from the comfort of your armchair.
The choice of the property requires this consideration .If you are hands on landlord buy a property close to where you are living, if you are a armchair investor you may buy in any location taking into consideration only the returns on investment.