Thinking about relocating in a year or two, considering renting out our 55 year old townhouse vs selling. I have some concerns that the bones are pretty mediocre (old plumbing has leaked for me, electrical is aluminum). How would you decide and if renting, how do you budget differently for repairs?

Further context: I already rent out a tiny condo I have by using a property manager, and if I kept this townhouse I'd turn management over to them as well.

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What is your mortgage payment / expenses vs what it would rent for? Maybe leave a bit higher contingency for maintenance, but if there’s enough of a buffer, it might be fine!

Maybe close to $500 total, as the plumbing and drywalling was covered by my home warranty for only $85, but I had to pay to disassemble my kitchen cabinets and reassemble them since it was the kitchen sink drain pipe leaking.

Thanks for the %s to consider.

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