I was a slumlord for a few years. When I did my research the only properties that would pencil out were those in the not so good area of town. I did ok and my renters were ok but it was a lot of work and just was not worth it. If I had wanted to take the chance and go slumlord big time I probably could have made some money but with a lot more work. It would have had to be my full time job. Some interesting things did happen when I would do maintenance. One day I was spraying weed killer in the back yard of one of my rentals and the son comes out and says don't spray those plants and I said are you talking about the marijuana.

The only problem I had is when I sold one of the homes the tenant did not want to move out so I had to bribe him to move out.