Beach property in Imperial Beach/San Diego County

[Alexis DePalmo]

Hello BP members! Looking for some sage advice. I have a SFH in the most southern beach community in California, Imperial Beach. I lost my butt in the downfall of the market and this property was last one standing. I was able to get a loan mod and it has been a tax buffer over the last couple of years, we loose money on capital expenditures. The loan mod is subject to current interest rates in 2019, currently at 3.65 making 200 over monthly on rent. I'm VERY NEW to BP and now I'm on fire to invest again and looking forward to setting goals (I was demoralized not long ago). I'm looking into holding onto this property and refinancing. Anyone have any different ideas? Who would sell? and why? Thank you so much BP community for inspiring me to reset my real estate goals.

Breakdown-

I owe 398

Rent at 1900 (could rent for 2200)

Could sell for 525 to 550