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Updated over 7 years ago,

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2
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Jerome Anderson
  • Atlanta, GA
0
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2
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Negative Roommate Situation - Keep as rental or move back in.

Jerome Anderson
  • Atlanta, GA
Posted

After moving around the country for work for the last several years, I moved back to the Atlanta area and ended moving in with a friend.  After a little over a year of sharing space, we realized that we're just not great at being roommates so I'm looking to move out.  I own an income property (my first condo prior to moving away for my job) and I've been contemplating moving back into it, but here's where I need help.

The condo is currently rented and the rent covers my mortgage and hoa with a bit of positive cash flow beyond that.  I currently pay half my housemate's mortgage which is much less than the cost of my mortgage/hoa.  Here's the tough part.

With my decision to move out, should I consider renting an apartment and keep my condo on the market as an income property or should I move back into my condo?  Finding a decent apartment here in Atlanta that meets my needs would probably be equal to or above the cost of my mortgage and hoa so I'm leaning in that direction, but if I can find an apartment that fits my budget is it worth losing that revenue stream? 

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