Assume you rented a house for $2,000 a month. You own the home and it is completely paid off. You also live in another house that is also paid off. Would you quit your job (most likely a higher salary and benefits) to enjoy life and never work again for some money to survive? I would assume a very frugal life.
I guess it depends on where you live, but in my area the property taxes for both houses would be in the $6k-$8k range, utilities in the house you live in would be about $5k/year, insurance for both homes $3500, and repairs/maintenance on both houses is gonna be at least $4k/year. That only leaves $3500 to $5500 for all the expenses for a whole year? No way. Plus that rental income is taxed too, so you wouldn’t even get the whole amount…