Familiarize yourself with local regulations in the area you'd like to purchase property. Legalities vary from area to area, so you should know them before you shop for real estate. Talk to local public officials to ensure you stay within the law before you sign any contracts.
Do not invest in property that is too high or low in price. If your investment is too large in the beginning, your profit may be small. Buying for too little means that the home may need serious, expensive repairs. Seek out properties in a median price range that are in good condition.