From a financial standpoint let's look at the numbers.Assumption debt is $1,692/monthly Rent amount $2,500Add 10% management fee of $250$2,500- $1,692- $250= $558 cash flow monthly $558 × 12 = $6,696 annually $6,696 ÷ $240,000(assuming principal paid from $260k) = 2.79% net return without any maintenance expenses Horrible return for that level of financial investment Or $60,000 to spread out as downpayments That's 3 $100k houses or 6 $50k houses $3,000 in rent using the 1% rule for 3 $100k houses (still...horrible return for that level of financial investment)$4,500 in rent averaging $750 per with 6 $50k houses. 

Since 99% of people are not millionaires, and I would hope if they are, they would be smart not to pay cash for everything as their rate of return would be horrible, compared to a leveraged rate of return.

Just wish it was that easy in New York from finding property thats affordable to fix to even contractors here that are most all crooks and just do horrible jobs or want to take there time doing work.

What do you do when you are aware that a neighbor's rental property (not yours) has a potential mold issue because everyone that rents it moves out after getting horribly sick with pneumonia and recurring respiratory infections?

As you all know, I had to letter of hardship, which was approved by the bank.I only recently started to invest from the money I got from a horrible car accident I was involved in.

I concur that the Fulton county is horrible for evictions.

I've used click2mail in the past and got a horrible response rate, no matter what the language.

It's horrible until you sell!

Just as in the US – there is a huge difference in investing in California (horrible economy- but REO and other opportunities) or Wyoming (strong energy related economy but not many people).

If you're wanting to buy long-term and live in a place 5-10 years, I don't think buying is a horrible decision.