2 years of former primary residence to rental analysis

[Scott W.]

when i posted here 2 years ago, i got blasted cuz my rental income didn't meet the "50% rule." yep, they wanted me to write a $25k check at closing to get out of that house.

the home was worth about $140k back then and i owed $130k on it. today, it is worth $180k and i owe $119k on it.

i've also had 2 turnover in that year and 12 days in vacancy.

i only made/make about $175 a month and have been negative cash flow $200 so $8 a month out of my pocket to gain that type of equity.

glad i didn't listen to y'all.