Sub2 Deal worth doing?
House bought in 2009 with $115,000 left on 30 year note.
Pmts w/o Taxes&Ins = 705.11 @ 5.8%
Property taxes paid separately @ $3360/yr
Rent estimates at $1300/month
Ins pmts about $200/month
Renters would be responsible for utilities and lawn care.
If I pay taxes up front that leaves about $400 profit. Am I seeing this right? What else should I consider.