Would appreciate advice about selling.

[Carrie Carlton]

I am seriously thinking of selling the house I lived in a year ago. I bought it for 206,500 in Feb 2012. The house across the street just sold for 420,000. I think that is in the ball park for what I could get. I wouldn't have to pay capital gains because I lived there.

The main house has two separate apartments and a tiny house out back. I netted  40k in 2016 but that won't happen for 2017 because I had to shut the tiny house down. I estimate I will net 25 to 30k this year.

I am tired of managing the property so there is that, but if it makes sense I will stick with it.

I do feel and have noticed that EVERYONE is getting into Airbnb and I have this gut feeling that now is the time to get out. Legislation is changing and people are overpaying for properties and not adequately doing their homework.

I could potentially walk away with 180 to 200k. The next question is what would you do with that money? I would put 50k back for savings invest some and wait until we have to have a downturn at some point.

What do you think?