Gaining equity
Hello,
First time poster, long time reader. When you rent a property I know you want to have extra money left over after paying property taxes, maintenance and taxes etc, but in town where it is more competitive does anyone settle for just the equity in the home that the renter is paying? Obviously you aren't making money because you haven't sold the house but your net worth is rising. I know there are always problems but assuming that the rent coming in covered all expenses just up to the break even point would anyone get rid of that property? Its not costing you anything but you aren't making excess. Just curious don't beat me up too bad.