jorbill2or wrote:
I think the discussion was on a rental home not a primary and turning a primary into a rental?
No, OP clearly was talking about a primary residence, and what to do with that (sell or possibly rent).
My father and his wife did what some refer to as the "stupid" thing, but it wasn't stupid at all for them. They sold the house, bought the 5er and dually and hit the road. Worked out great. They got to travel and do whatever they wanted, with whomever they wanted, and didn't have to be anywhere at any particular time.
The need for an exit plan is important though, and in that case, they were a tad unprepared. They had plenty of assets to handle whatever they needed or wanted, and could have easily bought a house when it was time. Unfortunately, Dad had health problems creep up all of a sudden, and he moved in with me for the rest of his time. Step Mom had plenty of assets to buy a house and take care of herself.
If it were me, I would give it a shot for the first year, and then decide to sell or keep house.
Mike
