Landlord challenges are many

Know your downside before investing

Second-home purchases, mostly for investment purposes, last year accounted for more than a third of all single-family home sales in the United States, according to the National Association of Realtors.

Throw in sales of duplexes, apartment houses, and condos for investment purposes and you get some idea how many people want to play landlord.

And why not? Not only do you rake in rent money every month, you can also reap profits from soaring housing prices.

As any landlord will tell you, however, it's not as easy as it looks.

Reality check: Before you play landlord [CNN Money]

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