Are you planning to put it on the market in late winter/early spring of 2016? Do you have a shorter-term lease with this tenant?
On the other hand, if you want to sell it sooner, you might be able to swing a deal with the tenant who might be more attached to the house and willing to pay a bit more in order to avoid having to move, etc. You could complete the transaction without a Realtor, in that case, and split the benefits of not paying the commissions between the buyer and seller. But do consider consulting with a RE attorney just to be sure that everything is in order.
I know of a few families who did this and everyone came out a winner. We even tried to buy our last rental, but the LL decided against it once they realized how much the price had fallen after the bubble burst.[/quote]
I might try some of those strategies.
It is a 1 year lease.
I refer to carrying costs as:
PITI
HOA
Elec
Water
Gas
For the purposes of selling the property.
As it is I’m doing a little better than breaking even.
