You pay the whole bill and set a fixed rate for each unit and some months you will be over, some under - you end up eating the cost/reaping the benefit month to month.

Their entire business model is to charge premiums and play hard to ever pay out on the fat tails.

Any major repairs while I'm renting the house out would eat into any appreciation for the year.I don't need to sell the house, but feel that my money could be working for me better elsewhere.

Don't hire contractors, who show up in a pressed shirt, can speak both Spanish and English and do zero work but pocket a fat margin.  

Lots of money every turnover which eats your profits.

My son sat in his car in the driveway letting me know what was going on, and our tenant walked up to the car said he was not playing games, his children were hungry, he was hungry and he was leaving with them, to get something to eat.

Properties built that old typically come with more repairs and cap ex, which can eat away your cash flow.Major things to look at for would be how recent the plumbing, electrical, HVAC and roof was updated.

That as well as flood insurance, landlord insurance, and capex items constantly increasing will slowly eat away at the cash flow.

You may need to hire a property management company to handle day-to-day operations, which can eat into your profits.

That's the sound of termites eating your investment.