If you run across someone who owns multiple rental properties, it’s very possible that individual never intended to own so many. In addition, those who own a rental property might also be “accidental” landlords after having inherited a property or renting out their current home while buying another.
Real estate investors can often find themselves quitting their current job and buying and renting real estate full time. Real estate is an asset that can both appreciate in value while at the same time providing a monthly cash flow. You’d be hard pressed to think of any other physical asset that can do that. So why is not uncommon to meet someone who owns several rentals? It might very well be due to qualifying for a mortgage to buy and finance an investment property. (Click here to read.)