Honestly tell me if renting real estate makes you money or is a money trap.?

I am just wondering because I do taxes and many returns have investment property rented out. 90% of them always report a loss on the rental which I am sure is because they take as many deductions as possible. But I really can't tell if owning property for rent is a good idea or if it becomes a huge head ache.... show more I am just wondering because I do taxes and many returns have investment property rented out. 90% of them always report a loss on the rental which I am sure is because they take as many deductions as possible. But I really can't tell if owning property for rent is a good idea or if it becomes a huge head ache.

Tell me about your experiences and if you recommend it to someone who makes enough and has no debt.
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