Should I stay or should I go?

[Eliot Houman]

Mates,

We have a 2br, 1500 sq/ft condo in Newport Beach, Ca I bought in 2013 for $615,000.  I put 20% down.  I also put about $35k into renovating it (recess lighting, hardwood floors, re-painting, and other upgrades).  It's rented out, but I'm negative $400 in cash flow every month.  I can probably sell it and  walk away with $200k-$220k in my pocket.  

Should I sell or stay?

If I sell it, I will move the money to one or more BRRRR projects in inland California communities (Bakersfield, Riverside, San Bern, Rancho Cucamonga)

OR

Do keep the place because its in a prime location close to the beach and use the $50-$80k I have ready to invest now in small BRRRR play in the same communities?

OR

Do I refinance the place and take $100k out and bring my cash flow to negative $900 a month, and have more money to invest in a BRRR project.

OR 

Something else all together.

Thank you!