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[quote=Anonymous][quote=Anonymous]There are a lot of carrying costs.

We downsized fairly recently and have rented out our other house for the last two years. DH is very handy, and that helps a great deal. We lucked out and got a great tenant who renewed, but that tenant just bought a house and is leaving. Getting a nightmare tenant is a real risk, even though you can minimize the chances of it. And even with a good tenant you have to be available and ready to handle problems with the property (like the AC dying in hot weather, ugh) and that can be a PITA.

We are selling this spring -- we know we eventually would, and the true bottom line is that we want to sell now in order to avoid that tax hit, there is a lot of appreciation in the house. [/quote]

This ^ pp here again. FWIW, the property management companies wanted one month's rent to handle getting the  tenant, and another month's rent to manage the property. At that point, we would have been making very little money from renting it out, and it wouldn't be worth it. So becoming the actual landlords was necessary for us. [/quote]

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