I'm thinking of taking the plunge and purchasing a property to lease out. I'm leaning more towards purchasing a condo vs a detached house, mainly due to the maintenance of the yard. I'd rather let others do that. I definitely don't want anyone leasing a portion of the house we're living in ... so that's out of the question.
I'm looking for advice if anyone's willing to share their experiences. What type of properties do you/ have you owned? Types of renters? How did you set the lease rate? How much time do you spend per month looking after your investment (maintenance, books, renter's issues, etc)?