Ask Millionacres: How Much Do I Need to Put Down on a Rental Property?

Q: Can you comment on what makes sense for a target down payment when purchasing a rental property? Down payments are one of the most misunderstood parts of rental property investing. In other words, if you put 20% down on a rental property, there's typically an expectation that you'll get a superior cash-on-cash return than you would if you put 30% down.