I’ve made hundreds of thousands of dollars in both retail RealEstate and Investor arbitrage RealEstate both sides of the spectrum and I can tell you that I personally know a lot of these girls and I could address this right now that they are millionaires and they know exactly what they’re doing.

In reality, it may not be that much (or it may be more) depending on a lot of factors like "who pays utilities" and the vacancy rate and what repairs will be needed and what the tax rate looks like.On the other end of the spectrum, if you took out a loan for 80% of the purchase price, so roughly $160,000 and used your own cash for the $40,000 down payment and $90,000 in repairs (total of $130,000 invested) you would have a mortgage of about $1,000 per month, or $12,000 per year.

But again, there's opinions on all sides of the spectrum on this topic, just filter through the pros and cons of both and decide what works best for you at this time.

If you are considering month-to-month, you may need to also consider the short term rental spectrum.  

Like a NNN or TIC product come to mind since they would be on the lower end of the risk spectrum. 

I assume it's probably on the higher end of the spectrum?

With owning rental properties, there is a spectrum on how passive it is and it's up to you on how involved you want to be.

But, I think that based on all of those things, plus the pure convenience of having it already set up, is worth the higher end of the spectrum.

In many areas a "zero pets" policy severely limits your renter pool, including at the higher end of the income spectrum - aka it limits how high of rents you can charge.

As you can imagine units at the lower end of the spectrum, regardless of shape sell fast.These sold in the last 6 months Sold multi-unit in Niagara