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Updated about 8 years ago,
Myth: you can control your real estate
Yes you own your property and you are in the title, but let's examine , if you really can control the ROI.
1- Can you control turnover?- very expensive by the way......my answer ..no
2- Can you control the outcome and budget of a renovation, .....my answer no..even if you have a good contractor, there is always unexpected expenses
3- Can you control your property manager and handling tenant? ...my answer no.......unless your breathing down their shoulders. You are totally dependent of their tenant selection and dealings with difficult tenants