For the SUM of your tenants' rent to pay for your mortgage and most of the upkeep? Probably fair.
For ONE tenant to cover the whole mortgage? Geez, that's not nice, to put it softly.
this post was submitted on 08 Mar 2025
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It dpends. I rented out my old house for about 5 years because I couldn't afford to sell it (underwater) mortgage was ~$500 rent was $650.
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Here's a tip poor people; just have money!
Same people will be looking for a govt bailout when the real estate market collapses.
All i had to do was just buy 4 houses? Damn. I'm rich!
What's weird to me is that the first one pays for their vacations and the second one pays their mortgage. If I had rental properties I would do it the other way around.