I am trying to decide between renting out the remaining units short-term vs long-term and would like to know the costs involved with each.

I’m about to list my remaining property.The thesis of m my investments there has been the idea that Yale and the other universities in New Haven have a vested interest in making sure New Haven is OK (or, ideally, nice), meaning that they will invest money in the community and expand their footprint to do so.

Use the remaining equity ($1M) to go invest in more rental properties.Or, keep primary home which has a 2.75% ARM until 2030 (mortgage out til 2050).

@Timothy Eaton so for your $35,000 initial investment you want the first $480,000 received in any sale, then for any over that, you each get paid back the cost of renovations you contributed, then split any remaining profit 50/50?

Here's a quick snapshot from the COVID outbreak of early 2020 to February 2024:Key TrendsCondo prices: 📈 65% since March 2020Single-family homes: 📈 75% since March 2020Rapid appreciation mostly in 2020, stable/slight gains sinceMarket resilience despite rising rates and insurance costsAI stock market-fueled wealth could drive more home purchasesMy Prediction:Prime single-family homes: Prices remain stable or increaseCondos: Flat unless truly distinctiveThe Big Question: Are YOU ready to buy or sell?

I payed out of pocket myself for the remaining.

One owner could take all the money while the other owner keeps the remaining home. 

I payed out of pocket myself for the remaining.

In the event that our management agreement terminates with the tenant remaining in place, I will at that point provide the driver’s licenses/identification card, and a copy of the application the tenant filled out, pay stubs, tenancy verification and move in inspection report, but not the actual credit report.  

Our experience underscored the reality that, in a nation where renters abound and multigenerational living is increasingly common, the challenge of overcoming prejudice and exclusion remains paramount.