[theold]

Last time. You can take a loan to buy a property. No money for renovation, you can also take a loan. You can also take up a home insurance. Also have Home Equity Loan(2nd loan on the same property). There was once, during the crisis, the property can be USD20K and USD25K each.

Can't pay, you need to walk out.

The yield is very high. You need to get the rental certificate to rent out your property. However, the tenant can sue you for not providing proper maintenance to the property. It is about location and distance.