help analyzing a rental property in renton, WA
Hey folks I'm brand new here. I've recently inherited a house with my siblings and have found bigger pockets in my research as I try to decide whether to rent or sell it. Since then I have been immersing myself in the podcast and have become interested in the idea of buy and hold real estate as a path to income replacement. The house was built in the 80's and hasn't seen many updates since then. It is located on the west side of the lake on a quiet street. Any tips on how I can approach thinking about whether this would make a good rental to hold on to or should I think about selling and investing somewhere else? Thanks in advance.