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[quote=Anonymous]We are in this position. It's very hard to decide what to do. There are a lot of things to consider.

We have a house in NoVA (2.5% mortgage on only about 1/3 of the value of the home) that we moved out of (didn't love the new neighbors and their noise, sigh) a little over a year ago, and we rented it out and we have just allowed the tenants to renew for another year. If they hadn't renewed we were going to sell it. The big consideration for us has been the tax ramifications -- there is a lot of appreciation and if we don't sell the home within three years, we will get a big tax hit. That's assuming the value does not go down, which is a reason we considered selling it now and not renewing the lease.

It is in a great location and should always be easy to rent. I like the idea of being diversified and having some money in real estate. But we've been really lucky with the tenants we have now and as everyone knows, being a landlord can go south quickly with one bad tenant. It's a risk. I'll add that we found the tenants and manage the property ourselves. We used Zillow to find the tenant and it was a bigger pita than we had imagined. Day to day is fine, the tenants are reasonable and my DH is handy. We did just have to replace the AC and it was like 6k, sigh. But it was time to replace it anyway -- there will be maintenance costs, some of them bigger. But we have the cash for that kind of thing.

We will probably sell next year, and have told the tenants that. We've also told them we are happy to let them out of the one-year lease with 60 days notice since we would be happy to just sell it. They have expressed interest in buying, so we might end up just selling it to them.

But given all of the volatility in the world in general these days, I kind of like the idea of having some investment real property. [/quote]

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