We were counting on rental income from two paid off properties as part of our retirement income but the taxes and insurance have gone up so much that it’s now about even to the rent we charge. Sigh. And we can’t sell them without paying a huge amount of capital gains tax. But we’re blessed and haven’t missed any meals so I shouldn’t complain.
Maybe it’s time to sell, pay the capital gains and invest the money. That’s what I’m doing with my rental property. The investment return is at least as large as the rental income, the money is more liquid and none of the headaches.