Posted by Ronald * Starr on July 01, 2001 at 11:53:36:
Are you also looking for advice on what clothes to wear tomorrow and what style haircut to get?
It’s a personal choice. It depends upon your investment progam, your goals, your approach. Figure out what you are doing, then you can figure out what to do with this property. It certainly sounds like it would be a reasonable rental property to hold until death do you part.
Which is the major reason you are investing in this property? Cash flow? Appreciation? Tax benefits? This alone might determine what to do with it.
Good Investing***Ron Starr