Real Estate sucks.
1) Taxes are way too high. They eat your income.
2) Maintenance costs are usually high unless its a condo. Which eats your income.
3) If it is a condo type of RE, you'll probably end up with a broke-ass tenant who'll delay payments or refuse to leave the house. Lawyers... Say good bye to your profits.
4) Your asset won't get hired away instantly unless you let it go cheaper than the market price and with everyday passing you'll lose money.
Tldr; Fuck real estate.
I didn't forget to tell you about the insurance costs. I intentionally skipped it because I didn't wanna ruin your dreams further. I am such a nice guy.
Just curious, are you saying this from experience? Were you at one time a landlord?