OK Everyone I'm in a little bit of a conundrum and I think personal feeling may be outweighing the business side so I need some help from a outside opinionI have 4 rental properties all showing a good return in less than ten years they will be payed off and showing much better,the wife and I are tinkering with the idea of moving out of state, and we have a great property manager available that would be extremely cost effective. we currently use him-on one property to " try him out "We currently have a FHA loan on a 30 year 27 left 3.5%currently payout 950a month that includes taxes and insurance and a pmi that will falloff in two years lowering the note but about 150.although once we don't live there we will loose homeowners exemption thous increasing the note by roughly what the pmi drops.insurance will however be lower because we would drop it to the commercial policy that we have the other rentals in instead of a personal dwelling policy.its in a b- area up the street from the high school and 1 block from the historic district.two bedroom duplex's next door get $750 a month.rent in that area isn't extremely high so I am figuring a rent of $1250 after property management fees thus netting a 300 return before any repairs. recently upgraded the inside so hopefully that wouldn't be a issue for a few years but you never know.my question is would it be worth keeping?

Only thing to consider is if the economy destabilizes (because of the last week it seems to be unraveling on Wall Street).

Its a great site to learn and network with others.check the Learn tab for podcasts and blogs, check the Network tab to find local members.I am "down the street" in MA where the state loves tenants. lol

Only thing, zero off street parking which scared us, but we rolled the dice and compensated what it lacked with a very low offer.  

I know there is opportunity for big value add here seeing as this place is located right across the street from a big university.

People would go on vacation in the summer and leave their sprinkler systems going - I don't mean programmed, I mean going - and water would be running down the edge of the street and into the gutter for a week or two non-stop.

At the risk of coming across as a bit devious you have to be street smart.

As Rothchilds say, invest when there is blood in the street.

I'm on 167th street just off of Webster Ave.My experience with FHA was a fairly smooth one.

The adjoining property owner is going to build a new 4000 sq. ft. house, and across the street and down one lot there's another new house going in.