From: Sandra Loosemore 
Newsgroups: misc.invest.financial-plan
Subject: Re: 50k Salary - what to do
Date: Sat, 26 Aug 2006 07:04:35 -0500
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"Sgt.Sausage"  writes:

> I'm moving on to year 8 as a landlord. We (wife and I) own, in
> addition to our primary residence, 2 townhouses, 3 single family
> residences, 1 small office building, and about 400 acres of
> farm land, so ... yeah. We're landlords.
>
> [...]
> 
> 2 full time days a month (one her, one me) and we've
> picked up $350K in 8 years. It's more than a lot of
> folks' annual take-home pay for a lousy 2 days a
> month.
> 
> I defy anyone to find a job that pays so well.

Yup.  If you take care with the selection of your properties and have
the time and skills to act as your own property manager.... then
landlording can be a profitable part-time job.  The problem is that it
*is* a job, and people who jump into it as an "investment" without
doing much research, or who are forced into it by circumstance like I
was, often miss the boat on either the "property selection" or "time
and skills" part, or both.  

-Sandra the cynic