Not exact matches
It sounds like you're still a ways away from having enough for even an FHA down payment, which gives you a great opportunity to find and talk with some local folks who already manage
rental properties in your area (for example, you might look for a local chapter of the national Real
Estate Investment Association), to get a sense of what's
really involved.
As discussed in the first part of these series on
Rental Properties as Passive Income, Is Real
Estate Really Passive Income?
I am a small part time real
estate investor and have owned condo
rentals for 7 years and treat them as income producers... don't
really expect appreciation.
As a Real
Estate Investor, you don't have to hire a property management company to manage your
rentals unless you
really want to.
Many landlords and real
estate investors may argue this point, but expensive appliances
really aren't worth the trouble in the majority of
rental markets.