First time Home buyer looking to Invest

[Rohit Kochar]

Hi All,

This is my first post in this group. I am interested in buying a property( ) using a bank loan and with a  15% downpayment . My main focus is to buy it , rent it and put the house in market after 1 year. I have  a budget of $200k-$250k and I am looking for 1 or 2 bedroom around Long Beach, CA ( Southern California). Is this a good diea to buy using banks money and rent it ? Can i still save some taxes at the end of the year ? I would be happy even if I break even and I do not have to pay mortgage using my own money. What things I should keep in my mind when I go with this approach?

Thanks in advance,

Ro