Here are some things to consider when purchasing your first investment property.
Location, taxes, insurance PMI versus not having PMI, are you going to sell or finance, do you need to put 25% down, 10% down, 15% down.
There are so many moving parts, and on top of that: Does it have a cash flow, or do you need to go in and rehab. Do you need to raise those rents to get it where the value is?
When purchasing your first investment property the first thing you need to do is talk to a trusted professional like myself or The Newcomer Group, and we can carve out a plan that works best for you.
Every property and every investment is going to be looked at differently.