Will you be paying cash or need financing? If you need financed you want to get pre-approved from a lender first. doubles or twin singles are always good for new investors. As typically one side rent pays the mortgage. Feel free to contact me, as I have several investor clients and know several lenders that will work with investors.
Try an investment calculator such as the one at goodmortage.com. Go to their web site: http://www.goodmortgage.com/Calculators/Investment_Property.html. This will give you a good idea of the financial situation if you decide to rent an investment property.
There are tax benefits in any real estate investment whether it be rental homes, apartments, vacant land, commercial buildings, industrial, shopping centers, or warehouses. Check with your local tax advisor before entering into a purchase agreement for any investment property to make sure you qualify and follow the strict requirements.
I will be happy to go over this process. I can be reached in my office here in central FL 407.696.4947 or on my cell phone: 407.310.4908.
I look forward to meeting with you.