Should I sell or keep my rental

[Irvin Nguyen]

Hi guys, 

first timer on this website. I just recently signed up a few weeks ago. I am currently debating on whether to sell my rental property in beaverton oregon (formally my first primary home) or to keep it rented out. A little background on my situation. We bought the home back in 2016 for $355k and now currently owe only $308k. Since moving out in 2019. We have had the same renter since day 1 till now. We are currently only profiting $200 after property manager takes their 8%. The current house estimate is about $610k. Would you sell it and take the 200k+ profit to possibly put into some other rental(s) or keep renting out with the current tenants. Their lease isnt up until february 2023 so i still got time to decide. Tenants have been awesome. We have only had to replace the washer and dryer but besides that all has been smooth with both parties. Just trying to make the best choice on which situation to go about

[Joe Villeneuve]

So you have a choice between:

A)  Selling a house and making an immediate profit of at least $200k, of which you could reinvest it into a property that would be worth at least $1M (or multiple that would add up to that number), and collect the CF that would come from it (them), or...

B)  Keeping a house as a rental, of which you would only be getting $200/month...or $2400/year, that would take 80 years to equal the $200k in immediate profit you would get if you sold this property.

Now, I ask you this question:  Why is there a question of what to do at all?  I should think it would be obvious.