You will have other expenses, including routine maintenance.

But factor in the interest, insurance, property taxes, routine maintenance, lawn care, new roofs and furnaces, etc and its almost always a loser, financially.

The day I started the 9-5 routine I put to work a plan to retire.Both my parents retired early because of REI & when my mother passed @ 89 she was still pulling $42,000 passive a year after taxes.

If your tenant takes off or stops paying you get rid of him just like in the ownership routine and get another tenant buyer.

You grind hard at the beginning, then get set in a decent routine once you know what you are doing.

My partner and I are thinking somewhere around 15-20% ownership is reasonable in exchange for brokerage services (finding the deal, transactional, management, leasing) AND maintenance services (routine and preventive of up to 10 or so hours per month).

For those that routinely execute with agency debt, it’s a fairly straight forward process.

I have also routinely submitted documents downtown.

It's also a regular and routine maintenance issue.

For example, setting up a corporation is pretty routine and many corporate attorneys will do it for a fairly low fixed fee -  possibly less than $1,000.