Owning rental properties can be a great way to fund one's retirement. Not only are they assets that can increase substantially, but they are at least partially funded by the tenants who stay there.
Along with this, they can offer a deduction every year, or upon sale, despite having positive cash flow. This all depends on whether the property owner is an active or passive landlord.
The Difference in Types of Landlords
An active landlord is one who has at least some involvement in the management of the property.
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