At 8% mortgage and leveraged 80% it is. At 3-5% mortgage and leveraged 50-60% its fairly easy to make money. They are work though and there will be repairs. Usually should set aside 5-10% of rents for maintenance and repairs depending on the property type (house, condo, townhome) and age.
The guy mentions “high monthly maintenance fees,” which suggests he’s dealing with a condo or townhome. I wonder if he’s using it as an Airbnb rental instead of long-term rentals.