Decrease rent for longer term?
I got asked if I would decrease the rent for a longer term (two years instead of one). Just wondering how many of you out there would decrease the rent from $1300/month to $1250 for a two year lease instead of one. After all expenses (mortgage, association fee, etc) our monthly cash flow would equal $102, all of which would almost certainly end up back in the house for repairs/maintenance at some point. The tenant seems responsible and passes all criteria. Thanks for your thoughts and advice.