Sell SFH to buy Multifamily

[Lidia Bowers]

Hello dear BP people! The current situation: Own an almost 100 year old rental SFH in a very desirable neighborhood in Fort Worth, TX Lease agreement is for two years ending on 11/30/18. Would love to keep and rent that house but running negative ($200/month) cash flow on that property. However this is the house that appreciates the most out of the 4 rentals we own. Would love to buy a multifamily (4-12 unit) in a year or so with 25% down using 2017-18 savings and keep the house in question. Nevertheless, I'm afraid the market would be less favorable for sellers next year. Also interest rates might go up as well. Question is: should we try to sell this house this summer and try buy a small multifamily with a 1031 exchange or rent/keep it and wait to buy the multifamily next year with savings? Side note: I’m a realtor so I would be the one dealing with these transactions. I have no experience in multifamily. I have managed our rentals since 2013 when we got our first one. I also have a full time W2 job and 4 niños to deal with. I appreciate your input. Lidia