Having rentals is more than rent it out, collect the money and spend it.
There are repair issues.
Some are major.
My slush fund for my rentals is large enough to handle an emergency.
This morning one of my rentals furnace went out.
Called my go to guy.
New furnace. $3700 for a cheapy, $7000 for the top of the line.
My slush fund will be enough to do what ever I need done.
I don' have to go to the bank and beg for money to fix it.
Thinking of getting into the rental market?
Think hard. It may not be all fun money!