Indefinitely Period of Travel - What to do with $400k home
Athe end of the year, I'm quitting my job and booking a 1-way ticket overseas. I'm going to try to freelance and make some money while traveling to make this as sustainable as possible for a long period of time (probably to Chiang Mai or Australia first). I want to live frugally, but be comfortable while I'm traveling.
My main concern right now is what to do with a home that I own. I have about $400k in equity in a home in Los Angeles that I rent out for $4k/month. The mortgage is $2.5k/month and there seems to always be something to fix. Average costs have been about $800/month (I don't expect that this would continue, as this includes a complete AC and ducting install and retiling of the bathroom that was peeling).
What would you guys do with the home? Sell and invest the money? Sell and do something else with the money? Rent it out and hope for the best? Maybe try setting up AirBNB?
Any thoughts would be much appreciated!