My parents have finished paying off the mortgage on their home and are wondering weather it would be more profitable to sell their home or rent it out. 

Yes, had to go in more detail with my answer. $5400 comes with too much risk and wear and tear on the property. 

Put 15-20k into the property for renovations and to renovate the 3rd floor attic space and he told me it just appraised for 155k but you really need experts on the ground who can help you locate these deals and help get the best price.

I would be leery of borrowing more since you already have debt to pay off. 

If you need any help lets connect and talk.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

I regularly break down the latest market news so you and your clients can stay ahead of the game.Hope this helps—good luck!

For investors, this means more potential for rental income and resale value.Chula Vista has a strong demand for housing, and properties with multi-unit potential are becoming gold mines.

It’s always good to have an extra bedroom if possible, as it can attract more tenants or allow for house-hacking opportunities.

In addition, they connected me to the preferred lenders who also helped with closing on the property within a short period time.