<prompt> Human: Im 41 years old with around 20k in savings this is also my rainy day fund. I make around 70k per year working full time, approx 700 credit score. Id like to create a second income so that I can gradually pivot away from trading my time for money at a full time job until Im old and grey. I dont want to make a career of real estate, as its just not an area that interests me, but I have a good chance to buy a property that already houses tenants monthly renters and AirBnB. I do not want to be involved with the day to day operation and maintenance of this property. What Im trying to determine is whether real estate is a good side business, and what are some of the criteria I can use to determine if this is an area I should get into or not. Finally, what is the typical amount one can expect to have to put down on a property that is roughly 200-250K on a standard mortgage term?Any advice or information would be greatly appreciated, thanks!  <response>: Biggest thing is to have a lot of money saved up. You need at least 6 months of mortgage payments set aside. That might seem like a lot, but when the tenants dont pay the first time, it still takes two months to get rid of them. Then you have to pit it back up for rent and until someone signs, you still have to pay. And you know of course that is going to be when the AC breaks or the water heater goes out the first week the new people move in. 