first one we bought about 4 years ago with cash for 200K, now worth 300K. Rent is 2K/month, tax + expenses about 9K year
Second house - lived there for 6 years, now bought a new house and moved. Original purchase- 180K, now worth 250K , rents for 1800$/month, tax about 7.5K$/year. This house has 50K mortgage 2.75% with 7 years left, paying the bank 750$/month
Our new house worth 350K, mortgage 200K 4%
So both rentals cash flow, and landlording is going ok. My only concern is that cost of real estate went up a lot in the last few years. We can make nice profit on house 1 , but also pay a lot in tax + depreciation
If we sell one house or both , some of the money will go towards our mortgage , and the rest will go to an index fund