should she keep it or sell it?

[Diego La Rotta]

This is a post about my mother on whether she should sell the apartment she bought back in 2005. She bought the apartment for $225,000 a mortgage for 40 years. As of now she has a 4.5 interest rate.  She now owes $201,000 on the apartment. We have looked at the estimate of the apartment value and it has an estimate of $206,000.  She currently pays around $200 a month for P&I + insurance, taxes etc. In the area we live in there is a lot of construction going on for big apartment buildings and it is a block away from Dadeland mall. My question is would it be better for her to sell the apartment and move on and try to get as much as she can from the apartment and try to save up to buy an investment home in the future. 

I am in the process of buying my first investment home and I would be buying it with an FHA loan. I would be required to house hack it for at least a week. I am currently looking at a couple duplexes/tri-plexes to buy. So we would probably move into my first home.