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Long distance landlord is a nightmare (ask me how I know). Property managers can be expensive and/or crooks. In this current political/economic climate, landlords are getting raped by non-paying renter and they can't evict.
Also, medicaid looks for assets before they will pay benefits. Some states say anything gifted (or sold at an undervalued price) in the last 7 years must be paid back before they will pay benefits. In TN, you must be a resident for a minimum number of years to be eligible. If mom needs govt assistance, having the house may pose a problem. I say sell to break even and move on.
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Joe
See Porsche run. Run, Porsche, Run: `87 911 Carrera
Last edited by Por_sha911; 01-06-2021 at 07:07 PM..
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