Your investment income is derived from renting out the other units.

Its unexpected market dislocations - 2007 it was the unexpected size of derivatives markets that so few people understood.

Almost all will begin with some derivative of “it depends on your goals.”That said, while my path will be very different than yours because we begin in different situations, my GOAL is to own real estate (the dirt, not syndication investing) and for it to provide truly passive income.

You are going to have a tough time if tenants are able to bully you, and if you are concerned about them damaging the property, you should ask your homeowners agent about a "vandalism rider" or some derivation thereof.

Each year the assessor releases updated assessed values for all properties across the county and multiplies the assessed value by the millage rate to derive property taxes for individual properties.

Property can be developed, commercialized or used in many ways to derive income.

After all it is a business for profit and participating and accepting communities should be allowed to derive some benefit for this privilege.

While some investors find comfort in being able to drive by their assets, I derive comfort knowing that I have a team of professionals looking after my investments and I don't have the day-to-day job of property management.  

Accordingly, I have placed my death-head formation in readiness – for the present only in the East – with orders to them to send to death mercilessly and without compassion, men, women, and children of Polish derivation and language.

In all seriousness though, if you A) can easily afford the payments and B) will be able to derive a significant amount of happiness from it, then it is probably a good decision.