[quote=flu]

How has your rental turned into a nightmare if you don’t mind me asking? Thanks for sharing[/quote]

I’m glad you asked.

1st of all I put my house on the rental market in early August, and it wasn’t occupied until almost November.

The house was pristine, carpet was very new; but I still had to spend $500 for ‘professional’ cleaning.

So at this point I’m down a good $3500 (roughly).

By January the furnace was fried – 2k.

At 1st I had arranged for the tenants to call me when there was a problem – and believe me it felt like my phone never stopped ringing.

The gas company then red-tagged my house for various code violations as another example.

The rent doesn’t quite cover my costs – close but not quite.

Oh, and why did I get red-tagged: one issue was that the fireplace flu was still in place. That was code when the house was built, but not now.

On top of that I’m 50k underwater (including selling costs) and still sinking (even though I bought nearly 10 years ago).