Asked by Jennifer, Philadelphia, PA • Thu May 23, 2013
I'm planning on moving from house to a rental place for a couple of years. My mortgage is pretty low and I have been planning on renting it out while I decided on long term plans. However, there are a lot of start up costs and presumably ongoing hassles associated with that, plus the rental income will likely adversely affect my children's college financial aid options without actually dramatically improving our financial situation. Are there any legal implications to just leaving it empty? Naturally, I'd continue to pay the mortgage and make frequent checks on the property.
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