Hold & Rent or Sell Now?

[Graham Mink]

Hello,

I am on the fence on what to do with one of the properties I own.

I own a SFH that I used to live in and I currently rent it out. I am locked in to a 30 year fixed rate loan at 3.875%. The property cash flows about $200 a month, but this does not set anything aside for capital improvements. I totally renovated the house in 2008 so I don't expect to need any major repairs in the near future.

Part of me wants to hold onto the house since it is in great shape, and I have a great loan. Another part wants to sell it and take the $50k I would net out and use it to buy a 4+ unit property that will generate more cash flow.

What would you do?

Are there any benefits to owning SFH over MFH other than easier resale?

Anything else I should consider?

Thank you for your time!

Graham Mink