Ours were plausible triplexes BUT there was a bit of a gamble involved.

I work in program management and have led an amazing 20yr career doing work I actually enjoy.  

Very few have been operated as a business...most are, at best, a hobby, where the Owner enjoys doing handyman work (often of dubious quality), at worst, an absolute "investment" Gamble, with no regard for tenants, laws, or much of anything but spending the absolute minimum while collecting the most money possible until their "cash cow" implodes.

I go for the triple ones with 15%+ cash on cash, and also some that have little to no cash flow up front (build to rent) but double or more the investment in 2-3 years and then enjoy infinite returns from the cash flows for many years after.

I personally wouldn’t be happy with $65K per year gross rent on a $580K investment.If that was the best I could do, I’d instead buy $580K worth of shares of Phillip Morris stock and enjoy my 8%-and-rising dividend and collect my checks.

They’ll handle everything from renovations and repairs to listing and leasing—allowing you to sit back and enjoy a nearly passive stream of income from your out-of-state rentals.

In addition to enjoying Mr.

Northern MI had restrictions lifted a bit earlier than southwest MI, but I am glad to see people want to rent again and enjoy new scenery. 

Some are relatively relaxed while others enjoy the power trip.

I studied a lot on how to be a successful landlord, and usually I enjoy the experience.