Sell, Rent or AirB&B
2 years ago I purchased a home in foreclosure at $249,000. I invested roughly $65K in upgrades. Roof, septic, kitchen etc. At top dollar I believe the house will sell for about $400K, likely more in the $380-$390 range, which would put me in the profit margin of about $50k.
I'm considering Airbnb-ing it, because I don't need any of the furniture in the home and mostly everything is new. I live just north of Annapolis (which has a hotel shortage). My concern with renting a property like this is, it's on well and septic which has higher maintenance fees. The lot is extremely wooded, which again would equate to higher maintenance. I've purchased and held property before, this one is a little higher priced and more complex than I'm used to and I'm new to AirBnB. Any sound guidance would be appreciated.
Cheers,
Matt