So instead of buying a home that needed a lot of work and spending a lot of money locally in order to accomplish that work and making minimal (if any) profit, I should just give my money to an investment firm who will be both shittier AND more expensive to renters, while siphoning money away from that local market?
Please explain how me investing in a REIT rather than actual real estate solves your problem.
Would you stop working if the government gave you $500 a month? I sure as hell wouldn’t. At no point in my life have I ever had so much money that I thought “yeah this is enough” and stopped trying to earn more.