If you sell it you can pocket the gain, as long as you've lived there 2 of the past 5 years, up to $250K single, $500K married filing jointly.Before you decide to rent out, or sell either one you need to evaluate the RENTAL MARKET, versus the VALUE OF THE PROPERTY.

No matter what my plans are before going to Vegas, I always leave with empty pockets and a big :mrgreen: on my face.

:groovy: Welcome to Bigger Pockets~Have fun~

Made a profit W/O coming out of pocket.....So if your a broke *** college student like I was, who was good at paying interest bearing bills, Try this one out it might work....If it doesn't, the consequences will be utter chaos, yeah-Art

Welcome to Bigger Pockets, Mike!

You don't need to micromanage, but I'd call and make sure things are going okay every week or so for a while to ensure things are on track, especially around time to pay rent.They posted a good post about finding & interviewing a PM on the Bigger Pockets blog HEREDid the tenant actually leave?

Remember the name of the game is never pay for anything out of your own pocket, so ever expect them to pay you out of their pocket.

So, before you let that money burn a hole in your pocket, and end in someone else's pockets, you should hang out on this (and other) REI sites and LEARN ALL YOU CAN.Take a hard look at your financial situation.

how do i start off wit no credit or bad credit and lil money in my pocket?

I am an investor on the real estate side, currently started studying the actual market dynamics of it all about a year ago....like it....since then have sold two new houses; w/ no liquidity....no out of pocket money, turned a profit and in about a week or two I will have a #3 on the resume.I work as a mortgage broker in alabama at Colonial Mortgage Group, LLC....turning out as many purchases and refis as my infantile marketing "savyness" will allow.