Quit claim the house to your elderly female relative, so she can lose it because she can't afford the taxes, which are nearly 8k, or rent it back at the cost of mortgage and taxes, which they couldn't keep up with in the first place? BTW, I've mentioned before a young man who ended up renting out a house he couldn't sell, bad idea, a lot of tenants WANT to rent your nice house, but unless you go into your own pocket to make up the difference between what it costs you to have the house (mortgage, taxes, insurance) and what tenants can actually AFFORD to pay, you end up evicting someone who owes you three months rent, which you will never see. The young man finally ended up lowering the price enough to make it attractive to an 'investor', to get it off his hands. |