3 Things You Should Not Do When Buying An Investment Property

Buy based on price. Location matters, do not buy in secondary markets with low potential appreciation and not desirable tenant profile. Do you buy a business because it’s cheap or potential upside?
Overlook managing the property. If you buy a property 150 km away, you would have to hire a property manager which eats into your profits. Do the numbers make sense anymore?
Tenant profile: This is the most important factor. I see people buying in cities because they are cheap then realize the tenant profile is difficult and end up selling after a year or two.

Location matters, tenant profile is important and appreciation is crucial