Dug Myself Into a Hole

[Account Closed]

Houston, TX. I decided to jump in and buy a house and now I feel like I have backed myself into a corner. I bought a single family house with a detached apartment for $250,000. I'm living in the apartment and renting the house. I am struggling to find tenants because they are uncomfortable with the landlord living on site. The mortgage with taxes and insurance are $2550 a month. I can get $2000 a month for rent. I would estimate my rent by myself would be $1000 a month. I've only owned the property for 6 months and the mortgage is killing me. I don't know if its worth it to keep or if I should sell and move on l. Would love to hear some opinions from the community!

[Joseph Cacciapaglia]

Why not hire a property manager to lease it for you? Then they wouldn't even know the landlord lives on site. Also, I've rented to people when I've lived at the property in the past. You might want to be sure that's the actual problem. Maybe there is something else you're missing.