As a former landlord I would only go that route if you had to. We bought our house and got a rent house in the front yard as part of the deal. We had Renters and when they moved out we had I think 4 more after them in 8 years. After each one left we had to do about as much work as we made in rental income. In the end the best thing I ever did was tear the house down. Even with it in the front yard it is not worth it. In our case we did not require the income to move forward with the deal. If you move forward with the deal only count on 7-8 mo of rent and upkeep. Remember you will have to pay taxes, have rental insurance, and other expenses. Good luck!!
Last edited by dman; 02/15/16 09:08 PM.
