Rent, Owner finance or AirBnB?

[Ramon Cuevas]

Hello BP,

I am trying to decide what steps to take with my primary home in the next 6 months. The house was built in 1925 and while functional, it needs a lot of updating. In the current condition, can probably rent for about $1,350 and cash flow approximately $250 every month. If I decide to sell with owner financing with10% down, 8% interest rate and 30 year amortization, payment is over $1600 which is pretty high for that neighborhood. I have not done any research on AirBnB but have heard of a lot of people have success using this strategy.

Any suggestions/feedback will be appreciated.