In addition to our primary residence, we own one-and-a-half rental properties. That is, we own one by ourselves and half of another, more expensive condo that we rent out in a college town.
We’ve owned the more expensive condo for nearly 10 years and decided that this spring would be a good time to sell it. We wouldn’t make that much money when we sold, if anything, but given that we bought off the plans at the height of the market, we thought we would get all of our money out.
Read more (from source): Fickleness of the housing market pushes some owners to become landlords