Sell or hold out if state short term rental

[Kim Huard]

Hi there,

I’m fairly new to this community and to real estate investing. We bought a condo in Oxford Mississippi in May of 2022 - our son goes to school at Ole Miss so this was a way for us to have a place when we visit but also make it a short-term rental. Since then, home prices have risen quite a bit - more than double for our condo - and my son is graduating in May. We could continue renting it out with a property manager (since my son will be gone and won’t be able to help), or we could sell it and either pay off the heloc we used to buy it or buy another property somewhere else. Not sure how to decide the best approach.