Land doesn’t depreciate, and while buildings require maintenance, they usually gain value as markets grow, demand increases, and inflation takes its toll.Real estate investors benefit from a significant tax write-off based on the concept that properties lose value over time, even as their market value skyrockets.

Tenant screening often seems to get overlooked because landlords know the income is automatic, but the problem becomes the repairs and maintenance. 

Originally posted by @Brian Winberry:We have purchased notes for as little as $960.00 and as much as $50K, but for the average they have been around $15-20K each... all of those having made an average return of 150% in an average return time of 3-6 months...You're saying that you average over 400% annual returns investing in notes?

Fast forward a few years, and you'll feel like a genius with a low maintenance, leveraged, and appreciating asset.

A steady annual growth rate, diverse industries, and affordable living attract residents.

If market is $6K then you're not going to get a new tenant to pay 23% above market value for it, and I don't know any market in the nation growing rents at 23% annually.

Is there any particular maintenance that is required in a regular basis?

You'll have quality tenants, minimal hands-on management, and lower potential maintenance issues.

He could use preventative maintenance on the dogs and keep his dogs  indoors and take them for walks as needed instead of letting them run in the yard.

Quote from @Gabe Chase: Quote from @John Underwood: Just curious how much do you spend annually on all the 3rd party software you use?