Sell, Rent, Short-Term/Vacation?

[Andrew Lee]

SFR in Orange County with approximately 100k in equity. Monthly PITI is $4,500.

Do I sell? Cash out and take the 100k, invest OOS.

Do I rent? Comparable rents are $3,500-$4,000

Do I short-term (Airbnb) due to my close proximity to year round destinations like Disneyland, Beaches, SoCal? Comparable nightly rates are $200-$300.

[Dave Foster]

@Andrew Lee, some good advice from @Nick Elg.   You won't break even with an annual renter.  It will take you 270 (75% occupancy) nights of air bnb to break even on piti alone before expenses of rental.  sell!

And if you have lived in it for 2 out of the previous 5 years then the profit will be tax free -- so the answer then is sell now!!

the 1031 exchange will be fine for you if that property is an investment property,  It will let you defer indefinitely all tax.  And you can take the proceeds and invest anywhere in any type of investment property.