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If you want to be happy in your own home, you need more than a big house, nice furniture, and a good location. You also need friendly neighbors. Unfortunately, many homeowners accidentally get on the bad side of their neighbors. Don’t let this be you.

There are many good reasons to invest in rental property. You can collect rental income in excess of your ongoing expenses, yielding an immediate profit, and eventually, you should be able to sell the property for more than you originally paid for it.

The Fair Housing Act of 1968 was enacted to protect buyers and renters from discrimination. The primary prohibition makes it illegal to refuse to rent or sell to a person because of their inclusion in a protected class. Federally protected classes include race, religion, sex, color, national origin, age, and disability. The Fair Housing Act

Although investment properties often yield a predictable cash flow and healthy margins, they can also open you to substantial levels of risk. Those risks are significant enough that some people just avoid this form of investment.

Nobody becomes a landlord thinking, “I sure wish I had something else on my plate right now.” No … in most cases, people invest in rental properties with the dream of generating passive streams of income that require little work or effort.

As a landlord, you’ve probably learned the value of observing your peers. You’ve learned many excellent approaches by shadowing other landlords, but you can often learn more from their mistakes.