Your analysis is incorrect and overly simplistic. Being a landlord is not always profitable. The fewer rentals one has the more likely it is to be unprofitabl

Your analysis is incorrect and overly simplistic. Being a landlord is not always profitable. The fewer rentals one has the more likely it is to be unprofitable. Economies of scale work in the rental market just like they do in other markets. Landlords can depreciate their properties and write off maintenance expenses and homeowners can not.