This hands-on approach is great when you are young, energetic and able to handle the unexpected. It may require more work than you anticipated during your golden years. You will have to screen tenants, deal with brokers/agents, maintenance, renovations, damage plus much more. The local market also will determine how quickly you can liquidate this type of investment. Experts say to rent where you live and own what you lease to others. Expenses such as a mortgage, utilities, insurance, taxes and other operating costs are the reasons I personally prefer more passive income solutions.
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