The budget for an investment property depends on a number of factors. If financing is needed, most lenders require a minimum 15%to 30% down payment.  Here is a link to an article with more details – The Complete Guide to Financing an Investment Property.

It’s important to take into account other costs associated with your investment.  If you plan to become a landlord, you are legally required to offer and maintain habitable rentals. Tenants may withhold rent, move out without notice, and sue the landlord if the landlord fails to complete repairs and regular maintenance of the rental unit. So it will be important to have funds in reserve to cover any unexpected repairs.  Our team can help you determine a budget based on your specific needs and goals, as well as provide you with financing options and guidance.