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Real Estate
Reply to "Sell vs rent: could clear $700/month"
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[quote=Anonymous]Rent minus mortage = cashflow basis. For a rental property, you only get to take interest paid as an expense, and then a depreciation (27.5 years straight-line) for the property/house. It's on Schedule E. So look at tax issues on top of it. Being a landlord depends on the time you have to deal with something breaking, and it'll always happen at an inconvenient time. Also if the current lease term runs out and it takes you two months to find a new tenant, think of the lost revenue. Just things to think about -- you can still make it work.[/quote]
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