I always find it interesting how so many people – particularly in So Cal I suppose – connect or equate living or doing things ‘right’ with money.
Maybe you need to try harder in marketing your rental unit? Did the rental market actually crash or is that your opinion?
Also, does the $1000 carrying cost include condo/HOA fees?
You sold your previous house based on reading a web site? Wow. Were shrewd and motivated enough to make 80k even though I’m sure it was disruptive to your family? I think it’s safe to assume you are primarily motivated by money/$$, but the conundrum is your also a slave to the credit reporting system and you probably judge others on that basis as well.
Will all of that being said, I would still consider trying harder marketing the condo or even offer incentives with short term leases.
I’m sure the rental market – assuming it has crashed – will come back at some point.
Also, you might want to factor in that the MonaVie market may dry up at some point.
