I am a land lord (multiple properties) since 1987; single homes in good areas (good future appreciation), after all expenses (incl. 10% managment fees) and I figure in 11 months per year of income, will produce 5%-6%; not so good areas may have somewhat beter % of return but will require, in my opinion, hand-on managment....
Meir Aloni & Team
CRS (Certified Residential Specialist)
CDPE (Certified Distressed Property Expert)
RECS (Real Estate Cyberspace Society)
Successfully selling Broward County since 1986!
Direct phone# 954-338-5220 http://www.WeSellBroward.com