In the past I've had a landlord who came unhinged and attempted to extort money from, wrongfully evict, and even move in with her tenants; and a neighbor who would harass us and lodge false complaints (claiming we were throwing loud parties when we weren't home, etc.). In both cases it got so bad that I had to move - not something you can do when you've sunk a lot of principal into a home. I asked some real estate agents whether there were condos that were managed professionally or by a neutral third party, and they said there were hardly any like that. We don't have the time, money, or inclination to buy and maintain a single family house. No one we know wants to buy a multi-family with us, and we don't want to be landlords, so buying a multi-family is out. Even if we research and like the neighbors at the time we buy, what if they move? Are we doomed to rent forever?
Sent by Caitlin
Editor: Please share your advice with Caitlin in the comments below - thanks!
• Got a question? Email yours with pic attachments here (those with pics get answered first)
Image: Wikimedia Commons