Oops, didn’t notice this while replying:
All the reasons you mentioned are why I never did this. Had a few relatives who rented out places in the past, and their horror stories were enough to make Pacific Heights seem like a fun family film!
My main goal was to avoid speculation. IMO, that’s akin to gambling, and I was never about to gamble with my hard-earned savings. I keep in mind some advice given to me a long time ago, and that is to imagine the market like a mountain climber holding a yo-yo. The momentary ups and downs of the yo-yo aren’t something to worry about, as long as the climber ascends over the decades. If there’s an avalanche and the climber doesn’t get back up, that’s another story. However, that has yet to happen - because the climber survived previous bank crises, the Great Recession of 2008, corrections, etc…
