We want out of the rental business. Nothing but a headache. We have half a duplex that I bought 33 years ago, when I got stationed here to be a flight instructor at Whiting Field. It has been a rental since 1984, and I paid the mortgage off in 1990. I have had great tenants and horrible ones. I had one tenant in 2000 who briefly stayed there with his pregnant wife, and turned the place into an indoor marijuana growing operation. I later learned that the place was dubbed "Weedy World" by my tenants' customers. My best tenants were friends of my daughter from UWF. Three different sets of her friends lived there over a 5 year period, and we always got the rent check before the 1st of the month--nobody else ever paid as promptly as they did.
We have already fully depreciated the place, so if we sell, the tax hit will be large. Se la vie.....
Last edited by ZVUGKTUBM on 10/7/2013, 6:40 pm; edited 1 time in total