If you come off as demanding or difficult to please, expect to pay more.Aside from the "picky" housewife, the landlord was the next biggest pain in the *** I dealt with.

This extra "month" helps pay down the loan more quickly (I don't have the math handy), but the "payment pain" is about the same as a true monthly payment. 

Carpets are one of the common pain points between landlords and tenants upon move-out inspection.

I am 100% debt free minus the mortgage but saving a downpayment for the next investment property is a slow and painful process. 

@Kriston RobichauxIf the land is a one-parcel you will need to check how to separate it and sell part of it (the part the house you need to sell) because when you sell a property you are selling the the one parcel it is setting on.Building a house could cost mucho money and equally cost as buying a new one (+your time).thats why people rather just buy a ready one.You will to get permits as well to build a house, and then approval and permits to build another house on the same lot.I don’t know about you but it just sounds like a pain.

It just works out that there aren't as many property management companies that specialize in medium-sized multifamily properties, so you'll find that you may occasionally need to get involved with property management duties (not too often, but often enough where being very far from the property could be a pain in the butt). 

Hi @Kent Hegwood, If they rented from me for 6 years, I'd chalk it up to normal wear and tear.I know it's a pain in the azz to replace them and will probably set you back a couple hundred bucks, but you have to admit, those things break just by looking at them and they were there for 6 years."

If they’re being a pain about showings, your only option may be to have them move out first.

Also it’s important to evaluate the general health of the homeowners association to ensure they have proper reserves for capital expenditures etc and you won’t be hit with special assessments. 

Dealing with Philadelphia's L&I can be a real pain...