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Thanks for the responses so far everyone!! To add a little more information, we live in a pretty nice area in Washington. House is in an established (20 years) with great neighbors who really care for each other and care for their property. House was our first house together and is paid off so no mortgage and no banks involved. We are moving into our custom built in a few months and wanted to keep this house since our daughter was born here and to generate extra income. We would be able to rent it out and pay for all bills, property tax on both houses, and add 500 a month to an emergency fix fund and have 250-450 left over a month. We live in WA state (not Seattle) where tenant protections are strong, but not quite California strong.
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