Even if a Major League Baseball team offers me 14 years and $340m.

Renting out apartments or homes has always been a favorite wealth-building strategy of some financial planners.

Here’s the problem. No financial planner will ever ask you to imagine having to replace a washer and dryer for a tenant who’s not paying rent.

If this financial and legal horror story doesn’t demystify being a landlord, I don’t know what will.