keeping primary residence as a rental
Me and My wife are planning on getting ourselves into a "live in flip". Originally the plan was to use the equity from our condo in the form of a HELOC to fund the down payment of the home, and keep the condo as a rental. Yet after doing an analysis of the condo as a rental property, we come to the reality that it will not cash flow. Break even at best, but realistically it would be closer to negative $75.00. This being said would there be a reason to hold onto the condo rather than sell it now and just use the profit to fund the live in flip?