Should I sell, rent or do something else?

[Bryan Hurley]

I have a home I bought 10 years ago. When I bought the home at the time it was for primary residence and nothing related to my investing intentions now. 

I would like to start investing in real estate using the BRRRR method.

The house I own is in NC, (I now live on NY 14 hours away). The loan was a 30yr fixed 4.25rate VA loan. Value is 125k, I owe 102k.

Mortgage is $767PITI, rent goes for 900 to 950 in the area for similar properties. 

I have rented it on and off for a few years, but mostly had family staying in the home paying me the mortgage payment. 

the house is already listed on the market to sell (it's been listed for a few months since before started seriously considering investing). And i dont want to continue paying 2 mortgages.

I am wondering if I should keep the course and sell it, or take the minimal cashflow of 100 to 150mo from rent and hold it.

My main goal is to buy properties locally in NY, but I would have this one in NC.

Any thoughts or ideas?

thanks!

[Jake Hartnett]

Seems thin: you have max $180/month for management, utilities, maintenance, vacancy, permits, and profit. I would guess when you honestly factor these things in you are maybe breaking even. Check out "how to analyze a rental property" articles if you haven't already. Unless you expect the market to improve wildly in the near term you might be better off taking the cash and redeploying it closer to home and saving yourself some headaches.