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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you can get the rental cash flow positive, they basically pay for themselves (maybe not cash in your hand, but at least in equity).  Yes, you will have to manage them, but money don't grow on trees! [/quote]

18 years ago, I looked at the finances near where I live:  rentals for small houses were about 1800K/mo, cost was 200K.  I was sitting on 140K, and I bought 3 of them; 40K down, and about 400/mo positive cash flow each.  I took the money, and saved it for rehab on the house.  I had to put in a total of about 30K over 15 years, so I netted about 190K in cashflow.  In the end, all of the houses needed major work -- 30 - 40 K.  But they where in Vienna.  Sold each of them to builders.  After paying off the mortgages, I netted about 400K each (pre tax).  So, my pre-tax gain over all was 1.4 million on a 200k outlay.

The key element was the cash flow.   I had no idea land was going to be so valuable.
[/quote]

Is the maintenance involved in renting out single family houses really onerous?  Did you manage yourself?  I am looking at smallish houses near where I live, in PG county.[/quote]

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