What should I be doing to prepare for buying an investment property

If your working with an Realtor already, they should have some lenders that would analyze the specifics of your financial situation appropriately. Planning ahead and educating yourself on all aspects of this investments is a very good idea. Make certain you are being represented by an agent that deals with short sales and foreclosures as well as investment properties. Ask them questions such as: have you listed bank owned properties and short sales? How many homes have you sold in the past year 5 years 10 years etc and how many homes they show to they're average buyer. Do they work nights, weekends etc. Do they own any rental properties themselves. These are just a few tips, call or email me privately and I will be glad to give you the complete low down on what you should be doing ahead of time to prepare your self for this exciting endeavor