Should I sell or keep holding it

[Terry Z.]

So I am facing a dilemma here. I bought a property two years ago and that was my first rental property purchase. I paid $175k with 20% down for the property in a okay neighborhood. 

For the past two years, I have had positive cash flow about $100 a month on the property.

However, last year during turn over, my property manager worked really hard (20 plus showings) and finally rent it out, and several months later,  the tenant reported that they don't feel safe for their kids to be in that neighborhood. That is when my property manager suggested me to sell the property.

I agreed and listed the property a couple of weeks ago. And yesterday I got a offer of 176k on it. I think I can reach an agreement of 180k for the property.

Now, with that price, I am going to lose about $8000 since I just purchased it two years ago. It is due to the closing costs plus commission etc.

So losing $8000 now is a hard pill to swallow. But I also think if I can free the money, then I can invest in another property way better, potentially making cash flow of $300 per month and avoid uncertainty of the future of this property. 

what are your suggestions?

[Calvin Ozanick]

I personally feel like this is an odd situation. I do not think you should have to sell the property because one tenant was not comfortable. I would try to hold the property a bit longer because of the fact that if you build up enough equity, you can then at least net 0 in the next few years as opposed to taking a flat out loss.