CurlyDave
Elite Member
....I like this house; I would be plenty happy living in it. It's almost too nice for a rental...
Obed
DW and I have had rentals for many years. We have some rules which prevent bad investments.
1. We never buy anything we would not live in if we suffered a reversal of any kind.
2. Never buy anything where it might be necessary to carry a weapon to collect rent or make repairs.
3. Never fall in love with a rental house. Don't make it nicer than necessary.
4. Renters are not your friends. They are more like customers. Once they are behind in rent, they will almost never make it up.
* * * * * * *
We have both stocks and real estate. I think they are about equally trustworthy.