The rent is $1550 per month. After all expenses, including income tax, I take home about $150 per month.
I plan to either refi. my current house and use teh proceeds toward it, or just invest it in something relatively conservative.
Before any Cap. Gains or income tax, I’d realize about $100k, but around $60k would be the difference between original purchase price and sale price. I think this would be the amount taxable.
