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Updated over 7 years ago,
When does it make sense to sell instead of rent?
I'm pondering a transition from single family to rental but my property is one the larger ones in the neighborhood, it will likely require throwing cash at a deck/fence 6-7k and it has a 17 year old ac unit.
Comps in the area are lower than I had hoped and a handful have been sitting for months with no renters. I'm new to the game so I assume that can happen.
When does it just not make sense to become a landlord?