Should I keep trying to sell?

[Dana O'Donovan]

Hi BP community, 

I'm new to BP and would love to get some advice from the community. I bought an investment property in 2006 for $103.5k and rented the property with a cash flow of ~$175/month until the summer of 2015 when a particularly problematic tenant finally left. I did some repairs and then put the house on the market in December 2015 and it is still on the market 13 months later. I now have it priced at $94.9k

It is in a small town in North Carolina over 2 hours from where I live currently where the real estate market is pretty depressed, and I was thinking that selling the house now would keep me from having to invest in additional repairs and maintenance as the housing market continues to decline. 

However, I have been carrying a lot of additional utilities costs for the last year in addition to the mortgage and taxes, and I need to figure out how to either 1) get out of the property sooner rather than later, or 2) make money on the property by turning it back into a rental. 

I'm not opposed to being a landlord - I have a vacation rental that I rent consistently through Airbnb & VRBO, but this depressed real estate market and difficulty finding quality, long-term renters is a completely different situation for me! 

I welcome your advice, questions and ideas,

Dana