I'm under contract for my first house. But I just got an outstanding job offer across the country that is almost double what I currently make. I will be moving.
Purchase price for the house is 290k, bank appraised it for 297k. I believe it will go up in price and want to keep it for the investment.
The reasons I believe it will appreciate a lot are:
It is in an area that used to be a poor neighborhood, but due to urban sprawl, and a new hospital being built down the street, house prices have been rising a lot. It is in the Denver area, and many people are moving to it.
If I keep the house, I would need to rent it out. I would use a property management company.
The mortgage for me (including all other costs, PMI, home insurance, etc.) is $1900. I don't know what I could get for it with rent, but from asking around it appears that $2000 is reasonable given the close proximity to Denver and the hospital (travel nurses).
The negative sides are: I've never even owned a house let alone been a landlord. However I'm confident I can learn what I need to do it.
My question is, is it wise for me to keep the house? Any other info I should provide to help assess? I'm asking this anonymously so I'm comfortable asking most questions.