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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Speaking as an accidental landlord, I say just sell. In my case, this was a property I was living in so I renovated to my tastes.  However, I over-renovated for the area and would not have gotten back what I put in if I sold.  I have been renting it out ever since (8 years) and have basically regretted every minute of it.

Mind you, I've had great, high-income tenants who never missed a single payment.  It's still a pain.  And now, I'll probably never sell because I'd have to give back all the depreciation tax benefits -- those "tax advantages" aren't so great unless you never sell.

Overall, the only thing I like about the rental is that it's a place to put a big chunk of money that provides steady income and minimizes my freakouts when the stock market is down.  But becoming a landlord is still my one and only financial regret.[/quote]

I don't know anyone who was happy with the choice to rent out their home and become a landlord.  [/quote]

Being a competent landlord/real estate investor isn't rocket science, but it does require effort and some skills that you don't acquire overnight.  If you have a crappy work ethic and fixing the brakes on your car is a daunting task, being a landlord isn't for you. 
[/quote]

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