Keep or sell my property

[Keith Smith]

We currently own home in central FL in a desirable location 40 min to beach 30 min to downtown Orlando. it was built in the late 50s solid block home. 2 bed 1 bath large lot.  Never mad money off of it (had family member as tenant for 10 years) Got a new roof in 2019, new septic in 21. Needs new wiring  and cosmetics estimate I'll need to put 25-30 into it to sell or keep . Potential rent range is 1300 to 1500. My wife wants to sell I want to keep it as a rental. My belief is after doing all the big work, roof, wiring and septic it makes better economic sense to keep it. Who's right?

[Nathan Gesner]

It's been bleeding money for 10 years. I would sell it, then decide whether real estate investing is the right tool for you.