Yup! The hardest part is finding good rentals.There are so many properties that would make terrible rentals. Someone who finds themselves in one of these will have a very hard time making a profit, and will curse realestate investing in their sleep.Of course if you find a good rental, then making a profit is easy. Just collect the checks every month, and keep buying more.So how does someone find a good rental? I can’t soeak for other investors, but I strongly avoid properties if,Rental income is not capable of supporting all the expenses and loan, with a little extra.The rental income won’t support at least 80% leverage. This eliminates entire cities sometimes such as Honolulu, NYC, San Fran.. typically those places people dream about.A bank won’t write a conventional loan for it. This eliminates a lot of condos.A bank requires special insurance (flood, etc)There are special taxes (MUD, MeloRoose, SID, LID, etc) very common in large, new developments. At some point developers figured out how to pass the cost of building the infrastructure onto home owners in the form of additional taxes. RUN AWAY!Less common, but If rent is subject to additional taxes like the GET in Hawaii. I believe Phoenix has one and likely some other cities as well. The extra fuss is sort of like having the school bully sucker punch you for your lunch money and then making you fill out a bunch of paper work on time or get sucker punched again. Stay away from the bully!If Property taxes are rediculously high, like in Texas. Texas is kind of a border line. The one saving grace there is no state income tax.If the property is located in any sort of flood zone, even if the bank does not require insurance. I’m not an expert on flood zones. I just go to FEMA and look at their flood maps. If it’s in anything other than Zone X, I will probably run away.If there is a governing home owners association (HOA)*Anything with complex mechanical things like elevators such as with high-rise condos. Stay away from this stuff, the maintence fees will eat you alive.The place has a strange layout, or serious issues that can’t be fixed with paint, carpet and new appliances. One of the weirdest I saw was a 7 bedroom house where the bedrooms were all daisy chained together, so you had to walk through one to get to the other. I like basic 3/2 or 4/2.5 with traditional layouts.And most importantly, I would not buy a rental that I would not live in myself. Disclaimer, after 20 years of military service, I’m not too picky.*HOA. This eliminates virtually all condos. However someone who is just starting out may not have any other choice. In this case, there are condos out there that can make great investments. Some of my best investments were condos. When it comes to condo investing, I would go for very basic walk-up condos (no elevator), and I always get a ground floor unit. I’ve never had problems renting ground floor stuff. Just stay clear of large buildings where elevators are required.HOA cont. (houses) Many of my earlier investments were in HOAs. In 15 years of doing this, I’ve found HOAs to be truly pointless sons of bitches that don’t do anything but take your money every month and send you hate mail every time the tenant forgets to put their grill away. I won’t ever buy into another HOA, but other investors swear by them. If you can make a case for it, than that is up to you.Happy investing!If you got this far and appreciate my writings, I would greatly appreciate your upvote. Thank you!