We put a lot of efford and attention into keeping basements dry, but we still have an occasional pipe burst or sump pump fail and see issues and when you get water in a basement; carpet can be dried and cleaned, it's the open cell pad that is holding on to gallons of water like a kitchen sponge.

At our second house, after we left Schultz was trying to charge us because we acted to  shut off the water so that their leaking pipes and leaking washer hookup didn’t flood the house.

@Kenneth Soles  I have done this too many times to count.and after all the years of dealing with folks that lost their home be it tax foreclosure ( very very rare on the west coast by the way)  or Trustee or Sherrifs sale ( most common).Rent back can work but usually turns into an eviction shortly .Sell it back is another pipe dream.. unless your willing to owner finance it.. then you have the dodd frank stuff if you want to be letter of the law compliant.

It would only make sense to exhaust this option first as it is my investment.

A few reasons to replace would be tenant would be paying for heat, lower maintenance costs long term, and no risk of water damage when pipes give out.Good callouts on ceiling but luckily, i dont have any popcorn texturing, thank goodness.

The cost to furnish and get a place market ready is stressful, exhausting, and expensive.

It could be something as simple as someone left a hidden faucet open somewhere, or it could be a cracked pipe, or a leaky toilet valve, or an open water heater drain valve, or...you get the idea.

To understand this gap, I would love to get my hands on a mutually exclusive, completely exhaustive list of activities a realtor does as part of their 3%.

I could essentially be flushing $1000 if it turns bad.Could be a toilet seal, could be a pipe busted under the slab.

So you have to refinance to take out cash after you have exhausted your line of credit and reduce rate and go back to one loan.