[Porsche-O-Phile]

Yea this would be a similar situation (going to be a loooong plane ride away). I know a few other pelicans have done the long-distance-landlord thing with success but I'd be curious to know about the pitfalls too. Once I move I don't want to do anything other than collect checks (and occasionally write them if I have to). Have you had any other issues?

In a perfect world I'd cash out then just use the proceeds as a down payment on a new place in my new locale but I don't fancy my chances of getting a mortgage now (credit sucks now) so I don't want to lose the tax break - thinking just sit on it for 4-5 years until FICO comes up then cash out if interest rates are still acceptable, otherwise I'll just rent and keep the house as a rental property until... Thoughts? Is this the first/only real renting horror story for you? Maybe worth the headache as long as it's only once every 2-3 years...