These kinds of foundations need to be maintained over the years.

So maybe 8 phone calls across a year if you have a well maintained unit.

Definitely not as much but it’s an easy way to maintain your principal and get some income from it, forever. 2) Invest with an experienced real estate operator.

Investing does need to be approached more like a business than just a simple stock trade.

Audrey - Dave might disagree or add more context, but I think that predicting 5-year rent growth is a bit like forecasting the stock market 5 years from now. 

To me, if you aren't at least maintaining 0 cash flow, you're betting too much on appreciation to the investment work. 

Indeed, you can get higher returns than that in the stock market at the click of a mouse and, when investing internationally, you'd typically want a higher return than you can get domestically or in the stock market, unless you're mainly looking for diversification or parking your money.On another unrelated note, I love your latest podcast episode.

Successful individuals must learn to accept uncertainty, maintain a flexible mindset, and continue to invest.

Conversely, if new houses are being built frequently, older properties may struggle to maintain their value.Property taxes also play a significant role.

.- Maintain proper records, such as contracts, settlement statements, and promissory notes.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.