sympathy with his travails. It ain't easy being a first time landlord and it's a steep learning curve. Inevitably you make mistakes and sometimes these can be costly. However, the key message that comes out from his experience is that your pay back for being a landlord isn't likely in the short and even medium term. The reality is that you should work on a at least a 15 year time frame. If he stuck at it for another 10 years then he would have been able to answer the question more accurately and possibly come up with a different conclusion. Have a read and see whether you agree.
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