Advice on starting portfolio

[Stanley Clervil]

Good afternoon, my name is Stanley. It’s a pleasure to join this platform. I’ve taken a couple of days to navigate around, and I think it’s about time I write my first post with one of the questions I have in mind.

I have zero experience in the rental property business, but I am eager to learn. I’m located in Pembroke Pines, Florida. To start my portfolio, I intend to buy a property in my area to retire my mother from New York. She would become my tenant, and I am targeting a 2-bedroom, 2-bath townhome if possible. Her retirement income would be used to cover the mortgage.

I hope this gives you an idea of my plan. Regarding financing, do you have any advice on how to proceed? Can her status and credit be of help as well?

Thanks in advance