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Investment Property?
I am curious if any of you own or have owned property as an investment. I am thinking of buying a condo or townhouse to then rent out but I have a lot of concerns. The housing market in the DC area is out of control so I think I'd be lucky to break even on the mortgage vs the rent. I think there are significant tax advantages in this though (mortgage interest, depreciations etc....)
Any thoughts would be appreciated.
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