<prompt> Human: Hello everyone, 2 years ago I bought a 2nd home and was able to rent out my first home. My tenant has gotten approved for a mortgage and want to buy the house. He has made it clear that he loves the house, and wants to stay in the area. The lease ends in October and I feel confident that if we do not sell he will buy elsewhere in the neighborhood. I was hoping to hold on to the house a little longer to let the market recover more but I am questioning if this might be a good time to go ahead and sell. Heres the details...House is appraised at 152,000 and I owe 81,000 on it.House is in good condition but I could see it needing a new roof soon.My monthly payment is 750 and I am collecting 1400 a month in rent.If we were to sell I would rather sell without a realtor and both of us get a real estate attorney to make sure everything is correct and split the closing costs. I feel thats fair and Im sure he will too.And, if we were to sell and I walked away with 50,000, what would be the best thing to do with it? I owe 310,000 on my new house and it currently appraises at 355,000. I have a FHA loan on it and I am paying PMI and it really pisses me off. My current mortgage is at 4.15, would it be worth doing a refi already and putting money from the sale of my other home towards it to get rid of the dreaded PMI?I feel I should also mention both properties are in Orlando FL.So what do you guys think? Thanks in advance for any advice.  <response>: You have a buyer ready to buy now. Imagine if you waited a bit on the market, found another tenant until then, found another buyer, what would you estimate the gain in price to be and what would all the costs of vacancy, search, etc be. How much gain are you estimating vs the benefits of selling now. Selling now, you have zero vacancy, no more risk of maintenance, and can get PMI off your other house. Sounds like selling now is good, but you need numbers to be sure. 