I've looked into buying a rental but never taken the plunge as I'm scared of debt, bad renters, real estate crash, etc., though still interested in learning from anyone who has invested. One of my major questions are what rules to follow. I've heard the 1% rule: the rental income each month should be at least 1% of the cost of the property; even heard the 2% rule. What about screening renters, is their a hard and fast rule to look for? I've heard that renters who have car insurance are most likely to pay and pay on time--don't know the validity of that suggestion. Also, how much should one charge/pay for a property manager?