Obviously things happen, but to your point about big repair expenses, it's super important to confirm the exact condition of your property prior to closing, to hopefully avoid all that for quite a while.And then one last thing I would offer for your consideration is that a rental property has 5 actual income streams that come with it.

I know a couple of investors that are doing well so far, as we have a very steady stream of tourists throughout the year.I would not try to self manage a STR remotely.

revenue stream for REITs is generated by rents paid out to their tenants.  

Opening up an entire new income stream and employment opportunity for you.3.

Flood insurance because it's near a stream is $2600. 

We're talking South LA....you know, the area made famous by movies like Boyz in the Hood.

You just have to look at them as an extra income stream that will not aid your balance sheet much. 

Additionally, my wife noticed Square offers a pretty stream lined process to deal with payroll, but we still don’t have a bearing on a clear step by step process to make sure we have it together.

I allow pets in my rentals, due to it being an additional revenue stream. 

I’m of the mindset that the more doors you have, the bigger your monthly income stream is.