The title remains in both names, so she would get taxed too. The loan is in my name alone. I really do want to get rid of her though, she is very troublesome and has little common sense when it comes to owning property, tenants, etc. There is some termite work that needs done, and based on past experience, I see continued headaches with her as the years go by.
On the other hand, if I get the boot from my present rental, it would be cheaper for me to live there than find another rental.
I am very ambivalent. If I sell now, I would have some minor profit, and put that in savings to buy another property in North Park where I want to live, but then the dollar is de-valued, so I don’t know how that is going to play out. If I buy her out, then I get the house, a payment I know I can afford, but the price could come down further, so my equity will be reduced.
Or should I buy her out (she might be more reasonable considering the current market), keep as a rental, and hope that prices continue to drop, and hopefully buy in North Park in a few years?
