landlord 101
The rental income on our two, 1150 sf 3/2 houses across the street from each other pays all of our bills.
All of them. Both rentals and primary residence.
All house payments
All insurance
All taxes
All utilities on our primary residence-
Electric
Water
Cable
We had a 9 year tenant in one house that basically bought that house for us.
It is paid in full, free and clear.
Cost just over 5K to remodel after they moved out including tiling throughout.
Chump change for that house "we" paid 85K for that is currently valued at 250K and rents for 1800 a month.