TO SELL OR NOT TO SELL

[Corie Carpentier]

I have a rental property that we bought new in 2017, its a little over 1800 sqft, we bought it for about $235k. We lived in it the first year, then bought a house to do a live in flip. 

We now owe $185k on the house. Our tenants pay $1600 a month and have been on time every month for the past year. We are getting close to the end on the lease and they asked if we would be willing to sell.

The neighborhood and house should appreciate in value significantly over the next few years, so ideally I would like to keep the house as rental. 

The kicker is that our property taxes/escrow went up so we from cashflowing 350/month to breaking even everymonth. So we either have to try to raise rents, keep breaking even, or sell.