The fundamental of investing in property is not much different than buying a business to earn you passive income. However, the nature of brick and mortal business is an Active Income generator, not a passive one.
So you would need to be extra careful when using property as your finance tool to gain "Passive Income".
In simplest term, you HAVE TO make sure
- you can rent your property out to fully pay for the monthly loan repayment
- you budget in the fee you pay for professional to maintain your property including
LawyerReal Estate agentsRenovationInterior Design if needed etc.
Without these 2, you cann't start property investment at all. With this, there is no guarantee you can win big yet but at least you would at least pay less to learn the lessons.