You are right about it not being speculation but you are wrong on how you see your tenants. You may have a family in there now that said “Oh, we are saving to b

You are right about it not being speculation but you are wrong on how you see your tenants. You may have a family in there now that said “Oh, we are saving to buy a house soon, we just haven’t been able to save enough” which was my statement I used to give. The reality is I had student loans, credit card debt, an ex-wife that didn’t work and loved to shop. You’re right about your liabilities. Repairs, etc. Most landlords don’t go so far. When I was renting for 20 years, I only had one landlord that offered to do repairs. All the rest of them said for me to do it and they’ll reimburse me which led to a bunch of back and forth as to why it broke and who was “at fault”. I grew up poor. My family didn’t own a home. It took me until I was 40 to be able to save enough for 20% down.