If I am buying a second home as a rental, what factors should I consider?

If I am buying a second home as a rental, what factors should I consider?

John Caliendo (Realtor) gives expert video advice on: What are the common reasons for buying a second home?; If I am buying a second home as a rental, what factors should I consider?; If I am buying a second home as a weekend getaway, what should I consider? and more...

If you are buying a second home as a rental, my recommendation would be to treat the purchase of a second home the same way that you would treat the purchase of a primary home. Meaning you want to dig in, learn about the neighborhood, the community, the location, the value, trends in the marketplace, and anything else that would factor into it becoming ultimately a wise purchase decision.