A Florida couple bought three occupied condos for $360,000 in 2022, and the properties now generate $4,530 a month in rent. The investment, located about 90 minutes from their home, has become a long-distance rental success for Ted Garber and his wife, Jamie. At the time of purchase, the three condos brought in $3,675 in combined monthly rent, slightly more than 1% of the purchase price. Four years later, Garber says they have visited the properties only once while continuing to collect rent and build equity.
