You still maintain the property as usual and you don't have to track how much money is being paid down on the purchase.

It would take roughly 1.2m in 3% dividend paying stocks to earn that much. 

I also agree with putting some $ in the stock market.

By charging market rate, you earn enough that you can afford to maintain the property, which attracts quality renters willing to pay market rates.

Coordinating contractors and maintaining the project schedule were key hurdles.

Based on national averages, the home should rent for $1,500 or more.If you don't keep up with market rates you will attract lower-quality renters, you won't have money to make major repairs, and you'll eventually get behind on maintaining the property, which means it will appreciate slower, attract worse renters, rent for lower rates, etc.

Buy solid appreciating stocks.  

I've seen quite a few car washes on the market and they've always been operated/maintained by the owner.

Is it to give up the 9-5 or you 're looking to diversify from Elon Zuckerberg stock management portfolio.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.