It sounds like renting isn’t a terrible idea for you. If you decide you don’t like being a landlord, you can always sell it later.Additional info: I have a basic knowledge of renovating. I have “fixed-up” three other houses to include scraping popcorn ceilings, texturing walls, spraying/painting interior and trim, laying tile (too old for that now), hanging prefab cabinets, basic electrical, etc.
I am retired so time is not a factor like it used to be. The property is about 10 miles from my house and could be checked on.
This is all cash, no bank involvement. Have other investments and thinking about not putting all eggs in one basket. Not sure of tax ramifications other writing off tools for the repair work.
Brother-in-law is not interested as he lives out of state.
I have no clue what people are paying for rentals in the last 20 years.