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I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds?
I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds? I would probably need to put maybe $50k to update kitchen and bathrooms if I were to keep it. Property taxes and insurance are both < $1k a year. Rent in the area goes for $2,000 - $2,500 a month. Which would be a better financial decision? Edit: the estimate to sell as is would be around $325k Edit edit: the insurance and tax are as of this ye...
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