Rent or sell

[Madhan S.]

Hi,

I am a long distance landlord located in Boise ID. I have a property SFR in Phoenix area which is currently rented out. It cash flows $450 per month after management, mortgage, taxes, insurance but excluding maintenance & vacancy.  Since the prices in Phoenix have risen quite a bit, I was wondering if it would make sense to sell the property and take the cash to invest locally here in Boise.  Any advice or further questions?  Thanks.