Is income real estate a no brainer? As I have previously shown the risk is that the income may not materialize. Can you get a tenant before you go broke? It depends on your tolerance for risk. Yes, if you can afford to carry the load until a good tenant comes along it may be a good deal. A rental can be problems if not managed properly. Tenants can ruin you if not watched closely. the real question is if you are the kind of person that makes a good land lord. So be aware that nothing is a slam dunk when it comes to income property.