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Updated over 4 years ago on . Most recent reply

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16
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6
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Garret Myers
6
Votes |
16
Posts

Renting a home with a high mortgage

Garret Myers
Posted

Hey guys, I'm looking for some creative ideas on renting out our home. Currently, our mortgage is approx $400 higher than what I believe we could get for renting our home. I fully intended to rent it out by the room, but while reading some HOA documentation I discovered it very clearly states:


"Leasing: Any dwelling that is leased
shall be leased only in its entirety; separate
rooms, floors, or other areas within a dwelling
may not b~ separately leased;"

Short term rentals are not allowed, either. 
So what does that leave, corporate housing? 

Thanks in advance for any ideas!

Most Popular Reply

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5,028
Posts
2,573
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
Votes |
5,028
Posts
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

Sounds like you might need to sell it !!!

  • Curt Davis

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