Is Owning a Rental Property a Nightmare Dressed Like a Daydream?
Owning a rental property can seem like a dream investment. After all, you can put down a small amount of money and get a low-interest mortgage to cover the rest of the property's cost, and your tenant's rent will ideally cover your mortgage payments and hopefully provide extra income as an added bonus.
Rental properties can actually give you a steady stream of income and the ability to earn a generous return if the property appreciates in value and you can sell it for more than you paid for it. But while this may seem like an ideal way to invest in real estate, there are actually some huge downsides that could turn your purchase of a rental property into a nightmare. Here's what they are.
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Source Fool.com
