Passive income: YES
Earning passive income from being a landlord is possible but requires significant initial effort and investment. Most people need to set up systems like property management, automated rent collection, and maintenance outsourcing to make it passive. However, reaching this level is not common for everyone; it often requires multiple properties and substantial capital. Many landlords remain actively involved due to tenant issues or property upkeep. While some achieve passive income, it's more realistic for those with financial resources and a willingness to invest in management solutions. Misleading expectations include underestimating the time and money needed to reach true passivity.
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