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Updated almost 6 years ago,
Negative or Positive Cash Flow?
3bd2bath 2110sqft pool and pool house
Value138k
No repairs
Remaining balance is 125k
20 years left on loan
Mortgage (Piti) $1400
Rents in area $800-$1000
I could either sub 2 or LO to buy. But as far as exit strategy, rents are too low in area to cash flow. Would rent credits help? Or separate principle and interest and pay taxes yearly and mortgage quarterly? If not Airbnb? Or just walk away?