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[quote=Anonymous][quote=Anonymous]We kept our townhouse as a rental when we moved to a SFH, so we didn’t have any new aqcuisiton costs, we already owned it. Rent is about $500/month over our PITI+ HOA fees, which we automatically save for maintenance and repairs. DH does minor repairs himself. We do not use a management company.

The real profit is our renters are paying down about $10k/year in principal for us, and this number will only go up. Plus the house has appreciated about $50k in the last 5 years since we moved out.[/quote]

Similar experience--we moved out of our condo but didn't sell it.  It's near a Metro station, so it's easy to rent out.  We have a much smaller profit margin after PITI and condo fees, but the way we look at it, we are building equity for almost nothing.  We will pay off the mortgage about the same time our oldest starts college (we refinanced to a 15-year mortgage), so it can become an income stream at that point, or we can sell.  And once we're empty nesters, we could conceivably even move back in![/quote]

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