Also, I can afford the house I'm looking at.That's great. If you can afford it, and it will suit your needs, it could work. Remember that when you settle a collection, if you pay 50% for example, the other 50% that wasn't paid is considered taxable. Just remember to allow for that in your calculations.btw.. the landlord making lots of money? My mother has two rental properties and she isn't making a killing. A bad renter is a landlord's nightmare. Hard to evict, and costly to fix damages.Good Luck with whatever you decide.
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