Should I sell or hold onto my investment property.

[Lenore Poole]

I have a single family home that I've been renting for the last five years.  Currently my mortgage payment is $800 and expenses another $200 a month and I receive $1,600 a month in rent, so I profit $600 a month.  Here's my question.  The home is starting to require repair that could really affect my profit, so I'm wondering if it's time to sell while the market is hot and inventory is low.  I currently owe about $95,000 on the property and could probably sell it today somewhere between $200,000-$225,000.  So there is another part to this equation.  I completed a SAM loan modification (Shared Appreciation Modification) that states I will need to pay 25% of any appreciation on the property if I sold or refinance.  With that said, is it worth selling or continue to hold out to build up more equity in the property.