Chances are that that same house you can buy for 400 - 450k today will cost well above 1 million in 10 years.If you buy today, you'll pay less than half the price and collect 10 years of rental income in the mean time.

I advise against buying condos or anything with HOA fees, relying on the collective financial status to upkeep the property's common areas.Trust me.

Rent collection has been a struggle for tenants.

Ever since Cozy.co was bought by Apts.com rent collection has been a struggle for my tenants.

Planning to use a collection agency once I get them evicted.

Where you're located will absolutely factor into whether you use multi-year leases, but we manage over 7,000 properties through the southeast and have collected over 97% of billed rents through covid.  

@Kelly MaeThe reason I have a washer and dryer on my units is to collect higher rent.

Rent roll is monthly rent price, but doesn't represent actual rent collected.

I don't have the contact network a brokerage typically expects an agent to have coming into the business, so my plan is to get a day job, save up some money for advertising, and then rather than personally deal with the leads that come in through the advertising, will refer all of them out and just collect referral fees.

Where we will move into our self converted camper van and travel the lower 48 states, hopefully save money, and collect all the memories.