Selling a home in a volatile real estate market is no easy task. Buyers are scarce and timid; you might try to tempt them to your home with an incredibly low asking price and free cookies at every open house. Yet no matter how hard you and your real estate agent try, you might not get that high offer you need. Sellers in this position have two options - sell their house at a price so low they will lose money on the deal, or hold on to their home and rent it out to tenants. Some homeowners would rather lose money on a deal than become a landlord. Owning a rental property is a huge responsibility, both emotionally and financially. But if you follow a few simple steps, you can turn your home into a great investment that makes you money...
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