First of all, when it comes to purchasing your first investment property it's recommended to engage a professional in the industry. Someone that supports you from the initial consultation and helps you make a smart investment backed by their years of experience and industry knowledge.
The start of the process will look at several things such as; financial position, goals, how much you can borrow. A specialist will also do a lot of the hard work for you, saving you time & maximising your potential returns.