I want your opinion how good is to rent property? We all know, that when everything works good, everyone is happy. You buy property and rent to people and they paying rent and you calling it "cash flow" "cash cow" and etc. Than situation suddenly changed, and family, just can't afford it anymore, both lost jobs, and unemployment insurance does not cover much trier expenses. Than beginning of the new phase. They have 2 children and don't have any place to go. By law in many states you can't just put people on the street. Let's say your positive cash flow was $250-$300 a month. Now you have to hire a lawyer and begin a long way to evacuate people from the property. But, this just happened and they have another baby on the way, than your process of evacuating people, going from bad to worse, it's getting almost impossible. Plus a lawyer wants $250-300 an hour, and all your money what supposed to bring you wealth, disappeared in a minute. Than you attending court sessions and it's going on and on and from positive cash flow you have negative, because nobody is paying you any more. So, I think is it really good to rent or is better not to play in this game?
This is from experience of a friend