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Owning rental property is like ordering a pizza with anchovies. It’s not for everybody.There’s no question that renting a property can be a lucrative investment, but it’s certainly not a passive investment like owning stock.Owning rental property is attractive for many, but it’s not a perfect fit for everyone. Just like not everyone enjoys anchovies, not everyone has the temperament or resources to be a landlord. Before diving into property management, it’s essential to understand the benefits and challenges of it. Let's explore these aspects to help you decide if being a landlord is right for you.The Pros of Owning Rental Property1. Income StreamThe primary allure of owning rental property is the potential for rental income. If managed well, a rental property can provide a steady cash flow. However, if you have a mortgage on the property, it’s crucial that your rental income covers your mortgage payments and other expenses to avoid a negative cash flow.2. Property AppreciationReal estate typically appreciate