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ricandmor | 17:02 Wed 13th Sep 2006 | Business & Finance
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My 3yr old townhouse is located in Atlanta, GA, it has 4 br/2.5 bths. It has been on the rental market for 6 months now and I've lowered the rent to just meet my mortgage obligation @ $1150.00. There are rentals in the complex that range from $1100 to $1250. The complex is 4yrs old and they just finished building more units and have two left to sell. My goal was to rent it out for atleast 4-5 yrs, but paying the mortgage and my apartment in NY (where I live) is taking a toal on my possible investment funds.

My question is: Should I hold on to my unit and keep it on the rental market or wait until the townhouse complex sells their last two units and sell it? Or just sell it now?

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