Have two rental units in OB. Overall it’s been a very good experience but I’ve been very very picky when screening tenants, and I always charge a premium but then never raise the rent. So my tenants stick around a long time (typically 6-8 years) as a result, which is great. You never make money on turnover.
The tax benefits are outstanding – you have a property that’s appreciating, but on paper the dwelling is losing value. I can’t believe it’s legal, lol.
On the other hand, your mutual fund will never call you on a Friday night and tell you the water heater is broken.
