[precisionshootist]

" Also, you don't pay the local taxes, repairs, insurance, etc."

Yes you do pay the taxes and insurance. Unless your land lord is, well, either a very charitable person or an idiot.

These costs are factored into the monthly rent.

[Theoria]

Yes, its factored into rent. But, it is easier to negotiate to a landlord with cash than a insurance company or your local govt.