Buy & Hold Condo or Sell

[Chris Lawrence]

I currently have (1) rental property. It was my primary property for (3) years. It is a condo which is currently appraised for 80k and I owe 55k ( 15 year mortgage @ 3%). I have a great tenant who is going to sign another year lease in October 2017. However it doesn't cash flow a ton of money ($600 yearly) and I believe 80k is close to the ceiliing in terms of appreciation. I like the fact that she is paying down my mortgage, but would it make more sense to sell and put equity into another rental property that cash flows better. My goal is to build a real estate investment portfolio and build financial wealth. The current tenant would also be interested in buying if I decided to sell. Any feedback or comments would be greatly appreciated.