landlord 101

1WildRT said
Pay attention when reading Jeff Adler's post...Notice he never had a mortgage? Yeah.. Where would he be if he'd had a mortgage when Miss "Professional Squatter" showed up???
I "had" a rental.. what a PITA.. I've been a renter, I never treated someone else's property like my rental was treated... Selling it was the best thing I ever did... Thank God I sold it before Covid when the government decided paying rent was optional..

thats a great point

the thing of it is, i only see two option to move along here

i can sell it (hopefully for a profit) and build the next one, and keep snowballing like that

or, i can put a renter in it, pull a mortgage and use the mortgage to build the next one while the renter pays the mortgage

option two should be the one with the most income potential...but of course, higher yield = higher risk