Here is a great short article that details some of the benefits of owning a rental property. With all the "gloom & doom" about real estate all I can say is I wish I had more money and time to put into my business and pick up additional rental properties.
Here's what Bob Bruss a real estate expert has to say: What is the best investment you ever made? Common stocks? Bonds? A small business? Your house? Other real estate?
Chances are your most profitable investment has been your personal residence. If you have yet to purchase your own home, today's "buyer's market" is an excellent time to do so.
However, if you already own your house, why not take advantage of current market conditions to buy one or more houses as rental investments? Let your tenants buy those houses for you by using their rent payments to pay the mortgage and other expenses...you can access the rest of the article at the Arizona Real Estate Notebook http://www.inman.com/InmanINF/homesmart/story.aspx?ID=63784
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