Sell or rent out house

Unless it’s paid off, sell it.

I have a nice 4bedroom 2.5 bath 3000 sq ft house in Memphis that used to be our home there 8 years ago. I am renting it to one of my best friends there that I used to work with, no agent involved.

If he wasn’t my renter, I would sell it in a heartbeat. Being 1300 miles away is too far to be a landlord. The only advantage I have is that I know and trust the guy with my life. He takes as much care of it as I would and it is slowly paying down the mortgage so that when I do sell it, I will come out ahead. He may eventually buy it.

Otherwise, it would be long gone.