If you're purchasing property to generate rental income, your search will differ than if you're trying to find a fixer as much as turn. Both choices will come with their own issues that have to be consisted of in your decision-making process. Take renting for starters. Ward of Equitable Advisors states investors anticipating to get a steady flow of regular monthly income have to brace for the unforeseen.Or a pricey repair might drain pipes all your cost savings. A fix-and-flip comes with its own set of risks, and overpaying for a residential or commercial property is a huge one. As is ignoring the costs of repair work or demand for the home. In either case you go, Palomino states it's best to start small and to gain from your mistakes.