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Updated 21 minutes ago,
Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP
I bought this property as a brand-new turn-key property in December 2022 (3bed & 2bath-1544 sq-ft). Lived in the house for 1 year. For most of the 1st year I house hacked and rented out my 2 spare bedrooms, for 6 months that covered the mortgage. After that I moved out and did Airbnb for 4-6 months but struggled keeping up with it not living in the same city anymore, so I switched it to a long-term rental. I'm having to offer this as a fully furnished house to be able to charge a premium on rent just to get close to the mortgage. I've kept it rented out consistently, however, I'm negative $75-$150 in cash flow a month. Mortgage rates have kept increasing as well, that's why I put a range on negative cash flow. Thanks for reading!