RE Buying for Passive Income Streams
So I have been reading and researching about this REI field and found this website and corresponding youtube channel, very helpful. But wanted to ask you guys a few questions:
1- I am in DC suburb area, since this area is expensive, for passive income(rental property) it's easier to rent out and rents are a lot higher, but prices are high too. Should I buy in DC area or move farther, where of course price is cheaper, but rents are low too? So it's more of a trade off?
2-For a beginner, should a rental property be within 2hrs drive of where I live or really doesn't matter?
3-If I can afford 15 years loan should be safest or it doesn't matter if I do 30 or 15 - fixed ones?
Thanks for all of your help and advice, I am sure I'll have some follow up questions. :)