Rent house - Buy another

This seems to be a common scheme on this sub, but rarely is attention paid to the pitfalls/added responsibilities of property management, which can range from a part-time job level of obligation and income to an all-out nightmare/money pit. If that kind of project/challenge/risk is worth the return for you, great - but I'm not exaggerating.

Also - there's a big difference between I have an asset that I want to use to make money and all of my assets must justify ownership by generating income. It is important to remember that it is actually okay to own a home that doesn't generate additional income; still, it seems that the issue here is actually that you want to move. Were I in your shoes, I would consider "tapping into" my current home's equity by selling it and using what I make off the sale to cover the majority of the cost of the larger house down the street.

/r/fatFIRE Thread