Grin and Bear It or Sell?

[Elizabeth Bain]

I'm sure some of you have been in this position before... I bought a 10-unit building a year ago. I bought it for the cash flow, not appreciation, and I knew getting into it there was certain work I'd need to do, but I'm also finding out about other work that predates my ownership that wasn't done right that I'm going to have to address.  Additionally, I'm in the process of going through an insurance claim which is stressful. If you were in this situation, would you hang on to the property to recoup the money spent on work or sell and move on to something else? 

Basically, I'm curious to hear other people's experiences in dealing with properties where it turned out to be more than what they were expecting to take on. Thanks!