I thought about renting out property for passive income, but after speaking with a friend locally about issues hes had, changed my mind. Not worth the hassle. In the one case, the tenant stopped paying their power bill and the power company cut them off. The tenant proceeded to tear down the inside of the house and burn it for heat. The kitchen island and kitchen cabinet fronts were burned, for instance. In another instance, when cleaning out a property, he found a miscarried fetus left behind in one of the toilets. Both tenants were also evicted for not paying their rent. So yeah, not worth it.