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Author: Hawkwin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75824  
Subject: Re: Smart idea or Not? Date: 7/17/2012 2:07 PM
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We most likely would NOT want to live in the place after being a rental property for 8 years

Your OP seemed to suggest that this would be your retirement home.

If not, then you likely are better off buying rental property in another market - and at cheaper price. I don't imagine (but do not profess to know) that the rental income from that home (@ $350k) will be enough to offset the mortgage payment and the related owner expenses.
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