Landlord, it honestly changed my life and gave my financial independence for the first time. I use a management company so I do no work, I just get a check for $1500 a month (rent is $1750). I’m now dropping being a SWE the second I buy my second unit, because it’s basically free money and more I have no boss.
I am interested in this sort of thing, but we seem to have a rash of bad tenants in the news who have stopped paying rent for a myriad of reasons, strapping the owner for tens of thousands of dollars. Needless to say our landlord/tenant folks operate much too slowly to make ownership of rentals a viable option unless you are ready and prepared in case you get stiffed for years.
It really should be nearly risk free. But not where I live unfortunately.
