<prompt> Human: Have any of you had experience with being a landlord? I am thinking of buying a house and renting it out to start making some extra money and to have more real-estate. I have heard some horror stories of tenants wrecking the place and putting the landlord under, but I have also seen several do quite well for themselves. So, do you guys have any advice on how hard it is I work a 40-50hrwk schedule, so this will be a side gig for me, how to calculate how much to charge, and if I can actually make my money back on the investment.NOTE: I am not a great handyman white collar professional with computers so I will not be able to do a lot of renovating on my own. I know this will play a big factor.Assistant: I have asked this question of landlords myself. Theyve basically told me these things:1 Already have your first mortgage paid off. Especially if you cant do the home repairs yourself2 Screen your clients well background checks, credit scores, etc.: bad clients are the ones that strain your business financially, wont report repairs that are needed, and tend to neglectabuse.3 Get a real estate lawyer to draw up your lease agreement.Human: Ah, so I should not consider this until I get my own place paid off? That will delay this plan by at least a few years then. I was planning on getting a lawyer. Any idea on the price of doing that?  <response>: I dont know your financial situation, or debt:income ratio. The point I felt they were making is dont perceive buying another house as immediate additional income. Its another expense, first and foremost.Edit: I dont know what a real estate lawyer would run you. Im still paying off my mortgage. : 