[quote=flu]there is a sense of relief not have a large debt load hanging over your head.[/quote]Agreed. If I had the wherewithal to pay off my primary, in this market, I would do that before buying a rental in the inland empire (buying a rental in flyover country is another story). Yes, you have the property tax responsibility, but you’ll have that anyway. If you had to, you could rent out a room to cover it. Or rent the whole house out and get an apartment. We specifically bought our house because of the separate casita, currently rented to the inlaws.
In case I suddenly kick the bucket, I made my wife promise she will use the life insurance money to pay off the mortgage.
