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[quote=Anonymous][quote=Anonymous]We are moving out of the DC area and are weighing sell vs. rent options. Facts:

- It’s a SFH in a desirable neighborhood with good schools. 
 - We pay 2.7% interest on the mortgage. 
 - Equity is $650K, give or take $100K. 
 - We don’t know if we’ll return to the DC area or not. Right now odds are 50-50.

WWYD? Will we be able to find good tenants given the economic situation? Rent for 1-2 years then decide? Or take the money and run now? I’m very hesitant to give up the low interest rate. Rent less expenses would in theory cover the mortgage and yield a small profit, but there are many unknowns. [/quote]

Do you live in Maryland? If yes, you'd have to rent for a minimum of two years. You also need to install fire alarm/carbon dioxide detectors on each floor and allow people to have pets if they say they need them for medical reasons. Same goes for any handrails one might need in the bathroom.

I had a second home and decided to sell it, but that may not be the right decision for you. I interviewed two property management companies during my decision-making process and learned a lot about what would need to be done.

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