Expect to reap all the benefits that only owning rental property can give with no strings attached.
Lets look at person Bs expectation and plans for owning rental property:
Decides to buy a house for positive cash flow but has plans for when and if it has a negative cash flow.
Knows if Real Estate is trending up,down or is flat – uses that info to estimate when the rental property will appreciate and plans an exit strategy.
Doesn’t expect owning rental property experience to be completely passive. Has plans for how to manage tenants when they have problems that effect other tenants or their ability to pay rent on time.
Doesn’t expect the tenants to really care much at all for the care and maintenance of the rental property and understands that many tenants think every tiny thing is property owners responsibility.. In fact, expects the bare minimum from any tenant, and totally respectful, caring tenants are few and far between. Has effective plans how to take care of problems occurring from tenant irresponsibility and lack of caring for the property.
Understands that the property is a structure in which things wear out, have life expectancies and will break. Understands that a tenants problems, especially financial problems, may cause you a headache. Has created a game plan that will fit his/her lifestyle to take care of phone calls, problems and issues that may occasionally occur from owning rental property.