Starting a 135 op?

On Feb 20, 2:40*pm, Larry Dighera wrote:

If your motivation is revenue generation, consider real estate
investment. *If you start buying foreclosures, and put enough equity
in them so that the rental income makes the mortgage payment, you will
be able to leverage your equity investment's appreciation by something
like 80%. *Think about it. *In twenty years, you'll have more money
than you'll know what to do with, and owning some acreage with a
private airstrip, hangar, and an airplane will be affordable for you.
* My 2¢

By the time you add property taxes, insurance, the time spent dealing
with tenants, etc. could you really beat out other investments such as
stocks and other equities?

The closest I've come to real-estate so far are REITs. Has the method
you described above worked for you? What is your average annual rate
of return?