If I were you, I'd keep the house, make it a rental and then go buy another home where you can live in, since owner occupied loans only require 5%. If your wife is on board, in 2 years, keep that house as a rental and move to the next one!
Outside of that, I'd say look within 1 hour driving distance for a good rental!
We are somewhat wanting a change. Thinking of moving to another state, we still aren't sure. I know other comparable rentals in my neighborhood are renting for $1200 to $1400. Would it still cash flow with a property management company?
PM in CLT is typically 8% of monthly rent so at $1200 w your mortgage it will not cash flow.
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