Sorry Charlie ,, I only saw the part about the depreciation. I must have
missed the rental info.

One thing though. It is much easier to rent an apartment than a whole
house.

And since there is more than one apartment ;;; I "plan" to offer the
longtime rentor a deal. She can be the apartment manager. She will save on
rent, I will be free to roam, and the extra income will pay the bills and
give me some spending money to boot.

========
"Charlie Morgan" wrote in message
...
On Wed, 14 Feb 2007 00:32:05 GMT, "NE Sailboat"
wrote:

Charlie ,, why sell? Since I own income property ,, apartments ,, I just
move out of my house/apartment for one year ,, rent it out with a one year
lease. Get back, take the apartment back ... and there I am sitting in
front of tv. Like a never left.

Oh, one more thing ... I own and house and the boat. NO MORTGAGE.

So,, who cares about depreciation.


??? Did you do more than skim over what I wrote?

CWM


========================
"Charlie Morgan" wrote in message

I've heard countless stories that are prefaced with: So we sold our
house and everything we owned to buy a boat and go cruising.

That's the poorest plan I've ever heard. For those who are math
impaired, let me simplify. NEVER sell an appreciating asset to
purchase a depreciating asset.

If the percentyage of people who go cruising is tiny, then the number
who cruise for the remainder of their lives is miniscule. Keep the
house and rent it out. Hire a management company to manage it. If you
do it right, you may even have an additional income stream while
cruising. The best part is that when you are done cruising, whether in
1 week or 10 years, you aren't homeless, even though real estate
prices may have quadrupled in your absence.

CWM