Landlord – yes.
A few bits of advice from my experience:
– if you’re buying with a mortgage, check the small print. Our BTL mortgage prohibits us letting to DSS tenants. Might not be a problem for you, depends on the area/target market
– Ideally buy somewhere close to home if you can, that way you can keep an eye on it and do any small jobs yourself, rather than always paying tradesmen. Newer properties are much less hassle from a maintainance point-of-view, but not always the best investments.
– choose your agent very carefully (get recommendations). We’ve had more problems caused by poor agents than by problem tenants
– do your own departure checks when tenants leave. Agents (even good ones) won’t necessarily have the same standards as you – what they find acceptible wera and tear, you might not.
My most memorable experice as a landlord was when our first tenant left, the agent called me and said ‘she’s left the place immaculate, I recommend refunding the deposit in full’
I asked for some photos before agreeing, which revealed the tenant had nicked the washing machine and painted the marble fireplace matt black – neither of which the agent had noticed!