Earlier quoted context omitted.
Did you try using a property manager? For me, it's mostly been hands-off relying on my PMs to manage all my rentals. Every now and then I will have to step in regarding an issue with a tenant though, for sure. But it seldom occurs, so hasn't been much of a headache for me.
At first, I was living in the 3-plex and renting out the other two units, so I figured it made sense to do it myself. I didn't account for the fact that selecting my own tenants without experience meant choosing awful neighbors, nor that I wouldn't even be able to go after them for damage after I evicted them because they knew where I lived and I couldn't trust them not to vandalize my things further. When I moved aw…
Accounting for the 50% increase, it sounds like you walked away with a profit then. If you invested a small fraction of your monthly cash flow into a good property manager, it sounds like RE would be a good fit for you. You know the game (having had direct experience), you're aware of the financial returns on your initial capital (as well as tax benefits), and a PM would save you from the headaches you went through in the past. Is that a fair conclusion on my part?