Originally posted by
@Kevin Z.:
While it may not have been the best thing for my bottom line, I know it was the right thing to do for people's safety and so that I could offer not just an apartment, but an AWESOME place to live. At the end of the day, that is way more important to me than saving some money and halfway wondering what was inside those walls. I'm so glad I did it. I found other things in the house that appeared very unsafe as well. Now I know exactly what is there and what isn't. I take pride in every thing I do, and my new endeavor as landlord will be no different.
Some people will think you just blew a bunch of money, some people will congratulate you on being a good property owner for doing this. I think in the end you'll be happy you did it. Plus, you're improving the quality of housing and quality of life for the area (even if it's just a wee bit) which will help your property value in the longer term as well.
Where's the SFR at? Lakes region NH? Triplex is on the Northshore?
Depending on location, I'd probably HELOC the SFR if cash is needed, and keep em both.
Also, are you saying time is ticking for paying taxes selling the SFR because soon you won't have lived there for 2 of the past 5 years?
