What to do with my primary residence?
Hi all, this is my first post and I am new to real estate investing. I currently own a SFH with about 50% equity in the prop. I'm wondering if I should try to keep this property as a rental. I'm currently in the process of refinancing in order to get the monthly payment low enough to get it to cash flow. Using the rental calculator I would be close to breaking even, meaning almost no cash flow, but why should I pay all those closing fees, etc when I could just get someone else to pay down the mortgage. That way I could also use the equity in the house to pay for my next investment. Is my thinking flawed on this? Any help/ advice would be greatly appreciated.