Have you looked closely at the numbers? You need to make sure you understand what you'll be getting in to, so take a look at the costs involved in the purchase, and what that will cost you in repayments to finance. Then you need to look at what the rental income will be, what ongoing costs of the building will be (any local government / council rates, maintenance that is your responsibility etc), then see what's left $$$-wise. Do you plan to manage the property yourself or through a property management company? If the latter, what will that add to your costs. If the former, make sure you read up on and understand your responsibilities.