I tried the rental route a long time ago. It seemed to be a no-brainer. The rent makes the payments and ...viola.........soon you have a property financed by someone else. Buy a few more and get wealthier! BUT.........unless you are skilled enough to to some plumbing and carpentry work and basically be "on call 24/7"..........it can kill you. The other factor is that the courts/law have given renters so many rights, you can easily get screwed. I got out before I lost my a$$............. Can I ask what kind of issues you ran into?
I'm probably not a good "model" for the average potential landlord. For one thing, outside of basic grunt work like lifting, hauling, scraping, painting and general repairs..........I had to have electricians, plumbers, etc on speed dial since I am utterly unskilled for those types of specific work. And even though I tried to be cautious with potential renters, legally, you really have to be open to just about anyone. Consequently, I was burned a few times, but the final one drove me out. She was utterly amoral; bereft of any semblance of conscience and a total scum. (I hope that fairly covers it). After patiently putting up with excuses while she ran up 6 months rent and trashed the house, I tried to fairly negotiate with her but she knew her "rights". Finally, the Sheriff told me to put up an eviction notice and then wait (I think 30 days....It was a long time ago), and then she was supposedly officially evicted...........but she wouldn't leave. The sheriff told me I could move her "things" onto the front lawn, but if she didn't claim them, the city would and CHARGE me for the service. (Did I mention that the house was virtually destroyed inside? Or that rather than put her infants dirty diapers in the garbage, she just tossed them in the closet and closed the door until it was full?). Anyway, this is resurrecting bad memories. Like I said, I am not a good example here, but I cleaned up that place, sold it for a song and learned a lesson.
Good luck to you......
We are very selective on who we rent too. We will run credit checks and call references for info about the potential renter. We will also drive by the current residents of potential renter and look at how they keep things. All of this is legal and does take time but it is something that should be done if you are investing money into rentals.