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Updated about 5 years ago on .
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Renting my primary residence?
I am 38 years old and recently sold a manufacturing company. I relocated to Houston Texas and paid cash for my home. I was considering renting it out for my for first investment. After all expenses, I can profit $1700 per month. A new mortgage would be roughly $1500 per month. My theory is that I would be sitting on 2 investments in an A+ neighborhood when I only paid for one. Is this a good long term strategy and an easy transiton into the world of real estate?