Hello all, I am very new but wanted to dive into a discussion on finding a deal on a foreclosure, REO or whatever and renting it out until the market picks back up and selling it. How do I know that I will be able to rent it? Are there any tools that will tell me how well or how bad local markets are doing as far as renting? I don't want to be sweating another mortgage payment because I cant find renters. If this happens, what is my next step?
All hypo-thetical (spelling) but just enjoy reading the forums and thought it was time to start getting some responses to my concerns.
Thanks for you help.