Whoever said the two best days of your life are when you buy a boat and the day you sell that boat was NEVER a landlord. I hope to never do that again.
A friend of mine (whose never been a landlord) keeps advising me to buy rental properties.."great investment" blah blah.
I tell him I am looking more to retire in a few years instead of taking on new headaches.
I hear these days you practically have to sue to get a non-paying tenant out and almost anything that goes wrong as far as injury makes the landlord liable. Not sure it's true, but I heard a guy attacked his wife and the wife sued the landlord for damages.
I am sure lots of money has been made with rental property, but for me between non-payers, late payers, dog hoarders, smokers, partiers, old cars/boats, and litigation....I'll pass for now.
