My wife and I didn't sell our first house when we moved, we're prepping it to rent out. It was a serious fixer-upper, so we renovated the bejeezus out of it whi

My wife and I didn't sell our first house when we moved, we're prepping it to rent out. It was a serious fixer-upper, so we renovated the bejeezus out of it while living there (learned a lot and bought a bunch of tools). Average rent for a property that size is easily double our mortgage payment - which is why we bought instead of renting in the first place. Even factoring in taxes and maintenance costs, renting out that first house, even at the low end of what we could get for it, we'll handily subsidize our current residence as well as pay off the old house. Even if we were to sell it, the quality of work we put into it more than pays for the time and money we put into renovations. To each their own I guess.