1. What are your financial requirements and goals? Do you need a continuously income from your rental or plan on selling your property for a profit?
2. You may consider buying a 3-storey shop office if you are planning to open your shop on the ground floor only. You can rent out the other floors, so that the rental will cover your mortgage payment. Besides, you can always ensure your property is well-maintained.
3. Apply for a mortgage. Investment loan is different from home loan. You may ask your lender for more details.
4. Decide what rental rate you want to charge. You can do some research in the neighborhood. Make sure your income covers your costs of owning the property, and you can gain a profit too.
5. Prepare any documents relevant to the purchase of the property.