You can also not bet surely on appreciation where the home increases value.

As I said, still a newbie but that's what seems like a possibility.I'm not sure exactly what you're referring to, Laniece, but I bet Chris Mason can give you a well-informed response.

From the sounds of it I bet there are other things wrong too.

@Mehreen ShehdadIt is impossible to answer the question as the amount of the HOA dues are specific to the complex and in most instances the size of the unit within that complex

Anthony, I don't think there is a standard "one size fits all" way to get started.

I'd bet that a google search would find out if the same were true in CA.

There are one bedroom apartments renting for $900 a month in the Spring area so based on the size and being familiar with the area $1,495 sounds good.

Your best bet is o sell your house, with hopefully an extended sale date, and a rock solid buyer.  

The condition of the house, the property size, location, age of the house, finish work, etc. all weigh in to valuations.

Prices in GP and Alberta still have room to drop, and you definitely should include expenses for CAPEX and Property Management just in case, which means your cash flow will be near 0.Basically if you are CF zero, you are betting on the market to go up for your increase, and it is not likely the market will do so for another year or more.I would say wait for the market to drop a little more or find a different market with lower prices and potential for better cash flow.