[Alessandra R]

Hello experts! Here is the situation. I bought a condo in 2007 and I would like to sell it but the market is very very bad and I will end up loosing money. I will move closer to my job and I was considering renting out my apartment and rent a small place near my work. Am I crazy to move from the apartment I own (still paying morgatge) and rent some other place? The renter will cover all my expenses and me I will have to pay a rent ( this will allow me to have the same expenses but it would be more convenient for me). Have you ever heard of a person renting his first house and renting somewhere else. I am also concerned about the taxes I will have to pay for the profit I will make renting out. Please advise me if I should stay in my place (and have a long commute) or rent out. I also considered the worst case scenario of not finding a tenant and having on my shoulder mortgage rent but the solution would be to lower the rent and loose around $100 per month. Please advise!!!!