It all depends on your situation and what your desired ROI would be. Typically landlords like to receive a 7-12% ROI. Now just keep in mind, not everyone is set up to be a landlord. I always tell my landlords, if you are looking to rent your property, prepare for the worst and hope for the best. If you do not want to have the possibility of having to go to court, evict, sign documents, collect rents, have those "conversations" in regards to late rent payments, meet with the sheriff, and such, then it might not be right for you. Good luck with your decision!