However, investment property ownership isn't for everyone. Along with the potential benefits come potential concerns; from legal to financial, so it's important to consult a financial advisor, a lawyer and an accountant prior to considering an investment property purchase. There are many angles to consider before diving in and these professionals will help you prepare.
Rental properties can typically be purchased with at least 20% down payment and a strong overall application. And many lenders will consider the potential/new rental income to be used to help you qualify for the mortgage. But because these types of mortgages are subject to specific (and constantly changing) governmental requirements, I recommend booking a free consultation with me to discuss the various options.
Or read a little bit more about Rentals and Income Properties over on Our Blog .