Originally Posted by highfarfast

I have a single rental house I own free and clear so no loans/mortgage. I pay a property manager to run it. He calls me from time to time to ask how to proceed with certain issues that pop up but that’s the extent of my involvement. It produces income averaging about $10k per year since I’ve rented it. So it’s income but not something I could live off of. I am planning on adding more houses to the portfolio though but that takes some more dough. I will say, these regional pay rates lately are speeding up my expansion plans. :-)