Is it time to sell in Virginia Beach?

[Keri Potter]

I’m a new real estate investor this year (bought my first property in Jan: 7 unit apt Bldg), but have loved real estate for decades! My parents live in TN and have a rental in Virginia Beach. They are making $50 more than their mortgage. Repairs are well over what they are making. They owe $270 and should be able to sell for $330. I’m thinking it’s time to sell and invest locally in something that actually cash flows. (I think their main hesitation is simply the fear of change and not wanting to pay 6-10% to get out of it). Would appreciate any wisdom/experience/advice on the matter.