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[quote=Anonymous][quote=Anonymous][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]

I am south asian and this is the advice we got-  you only need enough rent  that it covers your interest payment, that  is enough money to justify keeping  the property.  Think of paying the principle as an investments/savings vehicle.  I would add maintenance fees to this but the people I know who follow this advice are refugees the I got here with 20 bucks in my pocket/one suitcase crowd and they are all millionaires now.

I know ppl love to leverage debt for real estate but I must say that the fully paid off commercial property I have that brings in a very tidy sum brings me incredible peace of mind for my old age. [/quote]

But you can also invest that "sold commercial property value" and bring in a "very tidy sum" and not be tied to managing a property.  For SFH it typically doesn't earn you that much.  Not worth the huge hassle IMO
[/quote]

This is what I discovered when I did the math on keeping my house. I did not want to manage the property, and the property managers would likely end up with any "profit."

The margins were small even for a home without a mortgage. [/quote]

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