That is a misconception. Once you do the math, a property manager is not economically feasible and a home warranty doesn't really help. Typical property manag

That is a misconception. Once you do the math, a property manager is not economically feasible and a home warranty doesn't really help. Typical property management fees are 10% of gross where most properties net much less than 10% over the first 10 years of ownership in cash flow. A home warranty is usually only given for new homes as an incentive. New homes can appreciate, but if you are 'investing' you should be focused on buying at a good price, not buying at a retail price from a home builder. The home warranty second market (i.e. 3rd party home warranties) can reduce risk, but do not typically cover small repairs like a toilet not working etc. Those need to be done by the home owner, because if you hire someone every time it will cost you too much. Like I said, you will have a very, very bad time if you try to geographically diversify real estate holdings.