How to expand with one paid for rental.

[Will Bradford]

So I have one rental property paid off free and clear. Its a loft style condo in downtown KCMO. Its cash flows about 5k yearly and I have about 100k in it.

I haven't lived in KC for a couple of years and would love to sell the property but the building is not FHA approved and I have been told by a few realtors that sales are very slow because of this.

My long term plan is to buy and hold single families in my town so I am just fishing for ideas of what to do with this. Any and all ideas are welcome.

Thanks for your input.

Will