I have had wonderful success with my rentals. Not a one has had even a single issue with a late payment over the years.

The key I’ve found is to focus on single-family homes in good school districts. I like 3/2 and 4/2 homes that are at least 1700sqft. Sure, you pay more for them up front but they pay dividends on the back end. Average mortgage is $1500 with 20% down on one. Average rental price is $2500 to $3000 /month in my area.

Tenants who can afford that usually make money and generally care about things like their credit score and ability to continue renting nice properties. We carefully screen based on credit score, income, and background history. No issues.