Option 1) buying in cash for self use 3 year cost/gainGainsestimated 2% property value gain per year on $200,000 (cash cost of house) = $12000losseshouse insurance per year $1000 = $3000property tax $2000 = $6000heat and water = 700/year average = $2100 lossupkeep of house = $3000 (3 years)total loss =  -$2100 (3 years) ------------------------------------------------Option 2) renting an apt/house for self use 3 year costGains $150/m maybe on $200,000 bank interest gain = $5,400 (3 years)Losses$1000 per month = $12,000 = $36000 (3 years) (no heat and water costs, no home insurance, no property tax though)total loss =  - $31600 (3 years)-------------Option 3) investing to rent out house entirelyprice of home $200,000 gain $12,000 rent per year at $1000/m = $36,000$12,000 % increase per year value = $36,000(at estimated 2% value per year increase)lossinsurance per year $1000 = $3000property tax $2000 = $6000 (3 years) $150/m maybe on $200,000 bank interest gain = $5,400 (3 years)heat and water = 700/year = $2100 loss (3 years)upkeep of house = $3000  (3 years) total potential gain $72,000 over 3 years - $19,500 losses Total gain =  +$52,500 (gain in 3 years)--------------------------------------------------I never really realized there was such a difference.

. $700 is what I net after management fees and water service.

Everything filthy, water damaged window sills, carpet is pretty trashed from pet stains.

The home needs brought into the 21st century, but has no major issues (new roof, new windows, good furnace, A/C, water heater, etc.).

*If they bought our land and house they would gain:plenty of frontage closer to the site..easy access for water, electric..If they want to run it.

I bought water based KILZ from HD upon the paint specialist's recommendation.I've doused the cockroach stains with full strength white vinegar to help disinfect.

Also, make sure that they put some kind of sealer or water proof stain on the deck.  

I was confused and offered to pay for the closing costs and even water and taxes.  

Current rent $950 - I pay their water ($50 a month).  

I don’t want to be bothered with a $5 toilet leak, but I do want to be bothered about a $300 water heater or a $2,000 furnace replacement.I review every statement and every expense/income that I receive.