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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,819
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"Feeding the alligator" is something you wish to avoid. If rent covers taxes, insurance & mortgage, there still will be downtimes between renters, maintenance, etc.
It took me 15 years to figure out that there are easier ways to make money without the hassles of being a "mom and pop" landlord.
Still, the experience did eventually give me the funds to enter into those better investments. In other words, paying that monthly mortgage tab was a kind of a forced savings plan.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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