Updated over 8 years ago on . Most recent reply
Let's say we're playing monopoly...
Alright y'all... I have a question that needs answering. My wife and I just got our first single family home rented out to a lovely couple. We pulled out all the bells and whistles by setting up the extra security and replacing broken appliances, etc.
So, My question is this: how much rental income should you make? Ok average? A ballpark number is fine I'm just curious. Kind of like when you are playing monopoly... the first few houses you buy, you make like what... a whole $12? Obviously this is real life so, what do you think? Keep in mind I have 2 full time careers, I'm married with a child and I'm only 28.