There are always risks involved in any investment, and property investment is no exception. You need to find tenants who are able to pay their rent and have a clean credit record. You also need to be prepared for periods in which the flat might sit empty. The tenancy agreement should be drafted carefully. There are templates you can use for this. Besides large renovation projects (such as plumbing repair), general wear and tear on the flat also exposes you to risks, and you may need to buy new household appliances from time to time. In addition to the planned renovation projects, you may have to deal with water leaks and other damage in the flat. If you have borrowed money to purchase the investment flat, you also need to be prepared for a rise in interest rates.