Sure I’ll answer. I went back to grad school in the 90’s so thats where the student loans came from. There wasnt much and I could have paid them off but the rates on home equity loans were too attractive to do so. I could rent my house for 3200 to 3500 a month with no problem. Both of my mortgages combined are under 2000/month and once the HELOC is gone it will be alot less than that. Taxes+MR($800/yr) are under $500/month. Insurance is about $80 and HOA is $100. So I’d be positive $500 to 800/month plus get a real nice write off on the taxes. When I retire the MR will be gone as will be the mortgages leaving taxes+insurance+HOA of about $700. By then the rent should be well over $4,000 if I choose that.
