08-27-2014, 01:53 AM
When the single-family house next to ours, literally right across the driveway, came up for sale, I seriously considered buying it, mainly for the large grassy field next door, which went with it. After the original owners either died or moved out, it went for sale twice in four years, and both times I stewed for a while, and then chickened out.
Both times the discouraging factors were (1) extra work being a landlord and responsible for all maintenance and repairs; (2) the imponderables of keeping it rented and making sure the tenants were copacetic (without violating some kind of anti-discrimination statute); (3) the likelihood that the money we'd have had to invest would have done better in the market.
But I still regret not getting that field.
/Mr Lynn
Both times the discouraging factors were (1) extra work being a landlord and responsible for all maintenance and repairs; (2) the imponderables of keeping it rented and making sure the tenants were copacetic (without violating some kind of anti-discrimination statute); (3) the likelihood that the money we'd have had to invest would have done better in the market.
But I still regret not getting that field.
/Mr Lynn