DH called the insurance agent and he said landlord's insurance would cost $953 a year on our place. I was figuring about $100 a month and this is more like $80 a month. That would mean the amount to keep the house as a rental would be $142 a month and not $162 a month. Or $147 if we had to pay it monthly instead of in one lump.

He has also talked to his uncle who is both a realtor and a landlord of several places and he is going to get back to DH on what rentals should be going for in that area (he has an associate who has rentals in the area) and whether or not $1000 a month would be close to that.

We went out to see the place on Monday night and it sure looks different. They still haven't repaired or painted the house though. What has been done is to tear down the shed and take down the fences and get most of the landscaping under control. They have taken off the bad guttering and drain pipes and the roof of the porch. They are pressure-washing today with the hope of painting the outside of the house on Saturday and Sunday. And then the following weekend painting the inside of the house. Things can be very subject to change since they are working on it mostly on weekends with a few evenings, fitting it around their day jobs.

Today DH and FIL are emptying out what is left in the good shed, or at least they are supposed to be doing that. DH made a comment about only making one run today and I am not sure one run will empty it out. Since most of what is in there is big, bulky, but lightweight, it will likely take two runs. I wanted it to be done today, but who knows now if that will actually happen. Hopefully they can just fit it all on. They won't be bringing in the lawn mower or weed eater since those will need to stay. And if we do end up renting we will probably leave those there anyway, for the tennant who would be coming from an apartment to use and does not have any.

I am not going to make up my mind on what we are going to do with trying to sell or just renting until after all the repairs are made and the painting is done and the carpets are cleaned. At that point DH and I will make the decision. Possible renter is expecting us to try to sell it first, but if it doesn't sell wants to move in. And that's with seeing it how it is right now.

It would be nice to have the extra income renting would give us, but it would mean not having a down payment from selling it when we go to buy our next house. Yes, we can save it up, but I'd probably just work on paying off the mortgage first because I don't want to have that debt there when we go to apply for a new mortgage on a new house. Mortgage is currently at $16,432.02, so if we plowed all of the rental income into paying off the mortgage along with our regular payment it would be gone in about a year and a half or so. But we'd still be starting from scratch. *sighs* Well, I guess we'll cross that bridge when we get to it. No use thinking on any decisions until the house is done.