Rental investment service providers and advice
We are looking to purchase an investment property as a rental. Are there any service providers we can pay to talk to for advice on on a good location for that (i.e. we are hoping to purchase in a location where rental market will support setting the rent at an amount that will cover mortgage, real estate tax, etc. so that we at least break even)? We are not looking to make much on the rental income as we view it as investment in the property, but do want to make sure we at least break even and are not bleeding money on the property (with the exceptions of when it is sitting empty). We want to invest in real estate but worry about making a mistake or investing in the wrong place and just want someone to get advice from, but have no idea who is the right service provider for that discussion. We also will have questions about how to set rent and deposit and run checks on potential tenants to minimize the risk of getting tenants that will not be paying rent. I know it is the pandemic and with the economic uncertainty it is likely a bad time to invest in rentals, but hoping that by the time we find and purchase one and get it move-in ready and locate potential tenants the vaccine will be available and the state will re-open so that it will be less of a risk. Any advice for service providers, professionals, or even books/online resources would be greatly appreciated. If you went through this decision process yourself, and decided to do it, any advice and warnings from personal experience would also be greatly appreciated.