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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. I changed quite a few of the factors and information in this post. I guess I'm just thinking we will hope someone reliable rents our place until we can sell it for a profit.[/quote] Why do you have to sell it for a profit? [b]Do you want to be a landlord[/b]?[/quote] It's not easy being an out of state landlord. You may have to hire a company or someone to take care of the repairs. Which will eat into profits. Even worse, you already estimate a negative cash flow. Mortgage > rent is a big liability. Can you afford to pay mortgage when tenent moves out? Also condos don't appreciate in value as compared to SFH or townhouse. As an investment, it's not worth it. [/quote]
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