To Sell or Not to Sell?

[Jane Haag]

I have an out of state rental property I am not sure how to get out of. I bought it 10 years ago at the height of the market--as a house, I never had the intention for it to be a rental. I ended up moving out of state and keeping it as a rental until the market came back. Now it is back to what I paid for it. My tenant's rent pays the mortgage and HOAs but not the property taxes which are 7k a year. Their payment pays off 13k in principal a year. Would you sell it if you were me? On the one hand, I would hate to lose commission money, I see it as a loss after fighting to preserve it so long. Plus, if I stick with it I will eventually have the cash value of the home. It does not give me monthly income, but at least it's something in terms of paying down principal. The tenants are great and the HOA takes care of the exterior--it's very low maintenance. On the other hand, I could sell and buy 3 or 4 other places, each not worth as much as the one obviously, but that also means quadruple the tenants. I would love to hear some opinions on this...I feel I've been stuck on this for some time now. Thank you all.