Its a nice extra income stream and sets us apart from other apartment owners where we live.

Landlords can do so much more to create additional income streams and reduce expenses, but it seems like the majority doesn't even try.

We will end up selling three or four homes, pay down (pay off) two of them maybe three and create an income stream from that.

My dream is to build a buisness where I can eventually outsource most of the day-to-day tasks and generate a passive income stream that allows me to stop trading time for money.My situation is this: my parents bought the house I grew up in from my grandparents, with a family discount, and are interested in keeping it in the family going forward.

Get in, fix them up to rent them cheap in comparison to local rental prices, and you'll have a steady stream of 4-8 year lower-income tenants with passable credit ratings who are desperate to send their 2.1 kids to the best school they can.

It may take some time to stream line your system to cover as many negative situations as possible.

If the home sells during construction it will not close and fund mid stream.

I view rental real estate as a vehicle to build another income stream.

If you do, then keeping the house and working towards having that income stream in 15 years for retirement would be worth more than selling it just to pay off credit card debts or a boat loan, then wishing you still had the house down the road.

To be honest, I kind of got pulled through my first mortgage experience as the constant stream of paperwork/charges/concepts-new-to-me was pretty overwhelming.