Fix and rent or just sell

[Brenda R Sullivan]

I have a rental property that I've had since 2002. It has been a great rental, however, now the property needs to be modernized. It would cost me about $10G to do that.  Should I sell it and use the proceeds to buy another property, or should I pay the 10G and jack up the rent.  The rent currently is under market.

Thank you.