Share your insights or perspective on the financial matter presented in the input.

What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)?
It doesn't make a lot of sense to buy a house/condo and rent it out now. On the other hand, I think finishing your basement and then renting it out is an excellent idea.  The ROR is excellent as long as you can deal with the "strangers" in the basement, have the extra driveway space and negative association with renting out your basement. HTH