Renting a house with a bug problem

[Jeff Castro]

I purchased a house in CA in this difficult market. Tied up most of my cash in the house.

Issue came up. It seems there is a cockroach problem in the house.

I don’t have much equity in the house. So I would lose $ if I sold.

Question is can I rent it out???

[Corby Goade]

This cockroach problem is yours to solve and it will not go away until you do so. If you try to sell it, you'll have to disclose that there is a problem and likely sell at a hefty discount in order to do so. If you try to rent it, you'll have to deal with it on the tenant's behalf- and you'll need to disclose it to them before they move in. In that scenario, you will only get VERY desperate tenants, which I promise you, you do not want. 

Hire a pro, do whatever it takes to get rid of the cockroaches- then have regular, preventative treatments. Rent the place out and go find your next deal. 

Best of luck!