To rent or to Sell

[Alejandro Cruz]

Hello Bigger Pockets  I have purchased my 1st investment home.  I have a loan for 80k amortize for 15 years @4%.  Their are 2 improvements on the property a front house and a back guest house that I would think would make a great rental property.  The home  just needs flooring and paint to make it rent/move in ready.    My existing loan  allows  for me to do a wrap around loan and be able to resell to the home at a higher price/interest rate.  Being able to recoup   my down-payment  and the rehab expenses up front and get  a cash-flow  for the next 30 years. 

Being that there are two structures   on the property  total rental income I can receive   is 1350-1450 with both units 1000-1100(front house)  300-350 guest house. Being that I don't have any experience  with  rental management   I don't feel comfortable  with  going this route.  The cash flow looks great on paper but the upkeep  and long term holding cost is what scares me from going this route. 

Listed the purchase details below.  What would you do if you have this deal? 

Purchase Price-90k

10k down

LOAN: 80K @4% 15 YEARS

TAX: 2k/yearly 

MORTGAGE PAYMENT 591.75 P/I

Thank you for reading!