I have recently been featured on FitSmallBusiness.com wher they asked for tips for buying your first rental property. Here is my published response:
22. Have Property Inspections Performed
Dean Myerow, Bond Professional, Las Olas Wealth Management
Have a professional perform a radon gas check if you are buying in a part of the country that traditionally might have radon coming up from the foundation. You should also have a sonar scan of the ground outside done if it is an old house and might have an unknown oil tank buried. You don’t want to buy an instant liability if one exists and it is leaking.