@inutah There are three rules of being a rich and unstressed landlord:
- buy
only for the land value and long term capital gains.
- buy dumps because wear and tear is inevitable and expensive. It only matters that it can be legally rented.
- do no more repairs than legally required.
Don't buy new high rise units or student accommodation. Rental guarantees are a total scam
Don't buy expensive houses in average areas. The poor returns and maintenance are killers.
Don't be tempted by the high returns from country towns. You won't get any capital gains.