Keep renting or sell
I currently have a rental property with about 150K of equity in it. This was previously my primary residence and has been rented for 1 year. So far the tenants have been paying the rent, sometimes a week late and no major repair issues. With the housing slump, I don't expect significant appreciation or the next 2 to 5 years. So my question is, if you were in the same shoes would you attempt to sell the house at the end of 2008 to avoid paying capital gains tax or would you keep renting. I currently cash flow $400 after mortgage, taxes and insurance. Please state a reason for your decision. Thanks.