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5

There are many small-time landlords that are a bit overzealous in asking for information or simply don't know what information is appropriate to ask for. Some ask for pretty much everything remotely relevant to see what you'll provide, since that helps them get as detailed an understanding of your financial situation as possible. Savings/checking balances ...


1

As @Four_lo said, you need to evaluate all the costs associated with the buy and all the costs associated with renting. From there you need to figure out what kinda rent you can charge for the property after you move out. From that you need to subtract management costs, since you likely won't fly to the US anytime your renter has a problem or something ...


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Not factoring in changes in value to the market take: the cost of borrowing + property tax + 100-300(home repair and possibly first time buyers insurance). Compare that to the cost of rent. Renting also has small additional costs. Buying small is a better financial choice because you'll pay less in interest.


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