The math makes it all seem like peaches and ice cream. I’m not being sarcastic, but I wonder why more people aren’t getting into it, because it sure beats a regular wage job.

Because most people:
(a) aren’t mechanically handy
(b) think that landlords are big corporations, and that the little guy can’t succeed at something like that
(c) don’t have good business sense
(d) don’t have access to 20% to put down on rental properties
(e) have heard horror stories about their great uncle’s dog’s breeder who rented a house out and got it turned into a clubhouse by a meth-smoking outlaw bikie gang
(f) are fat, dumb, and somewhat happy with their 9-5 gig. OK, maybe not happy, but not as anarchistic as I.