Asked by Eric, 61615 • Wed Aug 4, 2010
Additional details: I am currently a homeowner and would like to create some passive income over time. My concerns are being a landlord from a distance since I'm not sure when I'll move out of the Peoria area. I want to keep it simple (1 bedroom condo) to maximize my tenant possibilities and minimize upkeep costs. Am I crazy to do this? I've always heard/read that buying small properties and renting them out is a fairly financially sound idea.
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