My MIL had a house that was split into 2 apartments, one of which she used to live in when she bought the place. She moved into another house and rented out both apartments. Meanwhile she worked for probably about $14-15/hr. With the cost of maintenance and upkeep she was barely breaking even and when a major repair was needed, she didn’t have the money most of the time.

I had to tell her that she needed to sell the place if she couldn’t afford upkeep. She didn’t want to hear it because she was banking on that place being her income once it was paid off. Eventually she sold it and also the house she was living in for an overpriced shit hole. And now she’s trying to move again because she can barely afford the place she’s at because she bought recently with the high prices and interest. I’ll just say, she’s not great with money.

Renting only works if you can afford the high buy in and she could not. And now she’s put herself in a worse off position. Idk how my wife puts up with her complaints when all her issues are her own doing.

I can say that I will never have any interest in renting out a property and dealing with people. It sounds like a nightmare unless you have a place with almost no issues and really good tenants.