<p>The association says you are not allowed. So…you are NOT allowed to rent it out the way that you would like to. Don’t break the rules.</p>
<p>Aside from the townhouse, you need a plan for the remainder of your money. If it is above a certain amount, you can get good free investment advice from reputable firms such as Fidelity; Vanguard; and T Rowe Price. With so much tied up in the house, they will likely tell you the rest should be spread out among conservative investments.
Best of luck</p>
<p>Cancelled it last week.
Felt unsecured about my future and not sure about to be a landlord, live with tenant under one roof.<br>
I think I need more time to figure my life style for the future. But anyway, job training is the most important. I hope I can support myself, financially, within 3 years, my goal.
Thank you all for the helpful suggestions.</p>
<p>^ Congratulations on making the right choice!!!</p>
<p>I dreamed about the house every night.</p>
<p>BBM- Wishing you all the best as you move forward. You are opening many doors for yourself by not tying a lot of $ up in a property right now. It will leave you with more energy to pursue your immediate goals. Good luck!</p>
<p>“Cancelled it last week. Felt unsecured about my future and not sure about to be a landlord, live with tenant under one roof.” - I think you made a good decision here, but I know that for the short term it will hurt a bit to loose that 1st dream. Best wishes for a happy future!</p>
<p>Judging by how slow RE sales are in my neck of the woods and the lack up upward mobility in prices, you will probably be able to buy a house in a couple of years, have an income from your new job and NOT have to take in any renters.</p>
<p>Bigbearmom - congratulations on a thorough investigation of your options. I think you made a wise decision. All the best for your future.</p>
<p>Phew! Crisis averted! :eek: So glad you listened to your cyber CC friends!!! Good luck for the future - I think you are taking a wise course. :)</p>