Newbie in Charlottesville with one Rental Property in DC

[Chris K.]

Hello everyone:

I'm Chris, and I moved from DC to Charlottesville about a year ago, for greener pastures and a little bit slower pace of living.  When I left DC, I rented my townhouse, which is in the center of the city, and have been renting it for the past 15 months now.  This is my first rental property, and I have already had a lot of hard learned lessons!  I'm now coming to a crossroads, trying to decide whether to unload the DC property and whether to invest in the real estate a little closer to my current home.

I'm really interested in learning people's thoughts on whether my current rental property is returning a decent enough return where I should continue to hold onto it.  I'm also interested in how to identify good investment properties here in Charlottesville, which I have already had challenges with.  After that, probably like most of you, just trying to learn a little bit more before making the next move!

I look forward to chatting with all of you.

Chris