All Forum Posts by: Scott Oswald

Gotcha, even if you do have to pay some out of pocket you could still be making a nice ROI each year. But I understand that you want a couple hundred left over each month.

Awesome thanks, we are in the same boat and that was what I was thinking. I appreciate your reply!

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.