If you hire right, your only requirement is to review your monthly statements (provided by the Property Manager) and occasionally check in to verify everything is smooth.

In occasional cases, there is an unexpected financial issue, a medical problem, or a job loss.

Biggest fire concern is all of the old wiring, cigarettes, and the occasional meth explosion.

@Elias Chawki I have one tenant that pays a few days late occasionally and it is usually do to the way paychecks fall that month.

But if this is a long range investment which you plan to enjoy in your golden years, it would work, even if occasionally you are in the negative as long as the property is a quality property.

On really good deals I can occasionally get 1.5% if I find a screaming deal.

You can also find deals occasionally on loopnet amd craigslist although they are usually smaller ones listed there.

Well 80% is gone other than the occasional unicorn. 

We're talking multiple $100,000's of equity created on the deal, occasional 1% rule or close to it, millions in net worth appreciation, the whole shebang. 

I'm signed up for every real estate site alert and constantly comb the MLS, my wife sometimes thinks I'm nuts.I specialize in residential remodel work, with the occasional new construction thrown into the mix.