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EfficiencySuch6361 t1_j41ufca wrote

It’s certainly not as lucrative here in Baltimore as some other places. It’s pretty standard especially in the pricier areas to only get 0.8%-1% of the purchase price as monthly rent, which is at the very bottom of the 0.8%-2% range that makes rental economics work. And if u can’t handle property management and at least 80% of the maintenance then it really becomes unprofitable quick. It’s not passive income I’ve discovered 😊 hopefully u feel good about the choice u made (which sounds very responsible)

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TheSpektrModule t1_j421bh2 wrote

> hopefully u feel good about the choice u made

I wake up every morning thankful that I did not become a landlord.

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