weiner_forest t1_jeaugrq wrote on March 30, 2023 at 5:52 PM

If you're not interested in being a long-term landlord, then just sell it.

I take it you lived in it for at least 2 years before you started renting it out?

https://www.realized1031.com/blog/what-is-the-2-out-of-5-year-rule#:~:text=The%202%2Dout%2Dof%2Dfive%2Dyear%20rule%20states,the%20date%20of%20the%20sale.

PlaneBlueberry2034 t1_jeb0put wrote on March 30, 2023 at 6:31 PM

yes lived in it for 5 years before we started renting it out 1.5 years ago.

weiner_forest t1_jeb1gus wrote on March 30, 2023 at 6:36 PM

Yea just dump it. Market conditions aren't likely to shift back to 2021 levels again, not without low interest rates and continued high inflation. If anything, it's more likely to be worth less in 1.5 years.

But.. as others have said, don't time the market. If you don't want to be a landlord, dump the asset and reallocate the cash to investments you do want to be involved in (or passive).