[quote=jamsvet]I just don’t think that anything now makes economic sense.[/quote]
It depends on the area. Check out Riverside county. Using the 50% rule, there are a lot of profitable properties out there, in decent neighborhoods.
The biggest mistake I’ve seen residential landlords make (over and over and over again) is to get greedy with rent. They charge over market because they’re convinced they have the nicest house on the block, but the only people willing to pay that are the ones with questionable credit. Three months later, they wonder why they always end up with an eviction and damage.
If you pay the right amount for a property, you can charge below market, get well-qualified tenants, and still have very positive cash flow.
