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Reply to "Buying a rental property?"
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[quote=Anonymous]It's a pain in the butt. I'm an attorney, and I self-manage 4 units that are nice enough to attract young doctors. I also have young kids. The last thing I want to deal with is another broken appliance, complaints about the water pressure, or the neighbors' dog. Cash flow is pretty good because I bought into real estate in my twenties, 1031'd along the way, and mortgages are at 2.8%. It will cover half my retirement expenses most years. I ignore appreciation because the properties will go to my kids, and they can sell at the stepped-up basis or hold on to them. [/quote]
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