Respectfully request advice:
I retire from the Navy in March.
I have a 4 bed room, 2 bath house here in the South East corner of Georgia.
Built: June 2006
Mortgage paid since then. Currently $1150 monthly @ 4.5% interest. 3 bedrooms are selling for $180K, which is a bit more than I paid for it.
??? Should I sell the house or struggle with renting it??
Renting would include 10% management fees & some other problems could come up that I have not thought of.
I have a place lined up costing me $500 a month in San Antonio when I retire. Parents are 73, 66 in SATX & most of the family is there.
I probably will inherit allot as I live there.
House is completely repainted, new water heater, but would probably have to buy new appliances if renting.
Is the investment & headaches worth the long term profit?
The military living in the area bring the money into the community (am at 1 of 3 relatively close bases) and the people usually rotate every 3 years.
