When Renting Makes Sense
- You can rent for more than your monthly carrying costs
- You expect long-term appreciation in your market
- You want to build a rental portfolio
- Tax benefits are valuable for your situation
- You may want the option to return to the property later
When Selling Makes Sense
- You need the equity for another priority
- The property won't cash flow at market rent
- You don't want the responsibility of ownership
- Your market is at a strong selling point
Key Numbers to Run
- Expected monthly rent vs. monthly carrying cost
- Annual cash flow
- Long-term appreciation outlook
- Tax implications (capital gains, depreciation)
- Net proceeds from a sale today