Any real negatives to this?
House was built in 1965 and is in a bad part of town. It's not great. But nevertheless rents are booming and market rent would be $1600/month. That can continue to pay down the mortgage and build equity; meanwhile I'll essentially use that money instead to pay for a nice new 1 bedroom apartment very close to work for the same price, and I'm happy with this. Does this seem reasonable? Any big cons I'm not thinking of? I know there's a little property management involved in theory, but other than that?
Submitted April 23, 2022 at 11:16PM by amiatthetop3 https://ift.tt/GRWzncL
