No. of Recommendations: 0
I like the idea of renting out the house entirely, if you can stand to commit to living with your parents for at least a year. But you have to find out if you can rent it for the amount of the mortgage, if not more, and what the tax breaks will be for you, plus I would recommend perhaps talking to a property management company in your area. They could tell you the going rates for your type house in your area, and they can be hired to rent and/or manage the property for you. It might be worth the fee to avoid the hassles. I would get information independently about the local and state laws regarding tenant/landlord laws and regulations.
Can you run your business from your parents house for a year or so till you are more firmly established?
-J4
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