Purchasing a rental property is a significant decision; it provides endless opportunities for financial freedom and creates generational wealth if approached correctly. However, there are as many risks associated with owning rental properties as benefits. Considering the financial implications, you will want to come to owning rental properties with prior knowledge, experience, or proper guidance. The theory of owning rentals is simple; You purchase a house, the individuals renting from you end up paying off your second mortgage, and you’ll have supplemental income from your tenants’ rent payments to generate passive revenue. This blog post discusses the methods to acquire and purchase a rental property, the best rental investments, how to maintain the property, and our personal experience and recommendations.