Investing $40-50k savings into downpayment for a house and then renting out rooms to different people so I never have to pay any mortgage. And paying <$100/mo to a property management company to be the landlord on my behalf?

How’s this plan? I live in a small city where houses are cheap. My friend said that although it’s difficult and a headache to be a landlord, property management companies can manage it on my behalf for only $60-70 a month? Is this really true? I can buy the house and sit back and relax forever?

How’s this idea compared to investing in ETFs or something? I’m a newbie btw with zero knowledge of investing. 30 year old.

Submitted December 01, 2018 at 10:46AM by l00t9 https://ift.tt/2G1tGv8