No. of Recommendations: 1
Only if you can charge enough rent to cover property taxes, management fees (unless you want to drive 4 hrs every time there is a problem) routine maintenenace and improvements, and all the monthly costs of your primary home as well, then renting out your current home is maybe not the best option. However, how fast you can sell your old home in this real estate market is also a big question mark.

I would talk to a real estate agent who could advise you as to the rental market as well as give you a feel on the strength or weakness of real estate in your area. I would not borrow off the old home to fund the purchase of a new one.

Who agrees with the suggestion of renting in the new location for a while until you are sure the new job (assuming there is one - no offer yet as I understand it) will take...
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