If you are considering getting a roommate, carefully check your lease agreement or rental agreement. Many renters don't understand that the landowner may require an addition safety deposit or may require references for the roommate and simply moving someone in without notifying the landlord may result in eviction or having to remove the roommate.

Lots of banking and financial experts do not recommend living in rental housing for extended periods of tie as there are greater benefits to owning your own home and paying out over a longer mortgage. Before deciding on a rental property consider talking to a bank or finance company and checking your options out with regards to specialized home owner plans and grants.

Buying rental housing as an investment is a sound idea providing the property is in good condition or can easily and reasonable be upgraded, is in a good area to attract renters, and is either close to where you live or you plan on hiring a property manager to deal with the day to day issues that may arise with property maintenance and tenant issues.