Originally Posted by calmloki
Oh - managing rentals has the potential to do damage to your lightness of soul and conviction about the innate goodness of all mankind.
I always enjoy your posts, and Ryan's and now I can add NW Landlady and the other active landlords to that list. My only RE experience has been doing a few quick land turnovers some years ago, but your description and that of the other landlords around here make it sound like what it obviously is- a business. And a capital intensive one with more than a few potential ways to get whacked.
My parents had a couple small buildings. They had a good niche- in one it was medical residents (we lived right next to a large hospital complex) and the other was gays and lesbians.
Re: your quote above, anyone over 30 who still believes in the innate goodness of mankind needs to become a landlord, just as an attitude adjustment. Or an even quicker cure is to get divorced.