Chadstroma
Footballguy
You have homework in this thread!
Your assignment is to go to Zillow (I feel dirty asking people to go to that site but I will soldier on). Enter in your home address. Look at the rental comp. Now compare that to your PITI (Principal, Interest, Taxes and Insurance... also HOA if you have that). Then report back the +/- on the cash flow as well as the nearest metro area for you or if you are in the middle of no where then say which state such as "rural Illinois"
Your assignment is to go to Zillow (I feel dirty asking people to go to that site but I will soldier on). Enter in your home address. Look at the rental comp. Now compare that to your PITI (Principal, Interest, Taxes and Insurance... also HOA if you have that). Then report back the +/- on the cash flow as well as the nearest metro area for you or if you are in the middle of no where then say which state such as "rural Illinois"