I want to sell a house I purchased earlier this year in Buckhead for $650k. When I bought it I inherited tenants, who were nearly perfect. It was super hands off for me. However, once the tenants left I realized I was in over my head. I have spent a lot of time getting the house ready for new renters (all new electrical, major plumbing repair, beautiful paint, landscaping, etc) and now that I have done it all, I realize I don't want to even own the house anymore. I am super busy with work, and I'm a single mom. I don't need this house for income (was making $1,100/month on it) because I have a high paying job. Just knowing I have one more responsibility (even with a property manager) stresses me out!

I want to sell, but the market has slowed down in Atlanta. The house would make the perfect house hack because it has 3 separate entrances, 4 bedrooms, a bonus room (which can be a bedroom), and is in a quiet neighborhood with ample street parking. However, I don't know how many house hackers are out there!! My realtor didn't know that term until I mentioned it.

I could keep it and rent it out short term until the market picks back up, but that means I would need to furnish the whole house, and I have no interest in doing that. I'm too busy. I don't want to rent it longterm; too stressful to consider something going wrong. Real estate investing may not be for me.

Should I be strong and keep it a while longer, or try to sell now while the market is slow and risk having to take a loss?

Atlanta, Georgia

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Sell now or keep awhile?

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