1967 property more maintenance issues

[Gp G.]

Hi,

I have 1961 property  causing more maintenance issues. I bought it for 136k from wholesaler about 5 years back. I spent so far about 150k. This includes some major items like below

upgrading septic to elgin septic system 20k

upgrading electric to new cod 20k

tree cutting trimming 10k

trench/French drain 10k

hvac replacement repair 10k

new plumbing 10k

crawlspace repairs 10k

appliances replacement 5k

doors replacement 5k

mold repairs 3k

roof repairs 3k

other repairs 

It is in good location. I am currently getting about 2100 rent. But lot of issues compared to other newer properties. Now i see redfin shows property value as 311k

I am thinking whether to keep the property or sell it.

If I keep it might appreciate much better.

But challenge is expensive to keep it. Almost negative on cash flow with all these repairs coming all the time.

Next major thing I see is hvac in crawlspace and those ducts are loose and coming off. Also crawlspace air also not that good quality if air leaks through those loose ducts. To remove hvac from crawlspace and put in attic it may cost me around 15k. 

I am kind of struck with this property.

When I try to sell this property before covid i got offer around 180k but do not want to sell in loss. 

I hear people having rental properties older than mine like 1900 still cash flowing and happy. I am confused what to do. As i spent so much energy and time and money on this property thinking better to keep property.

Also this property is in downhill area. Rain water used to sit in back yard and crawlspace. I have to build trench/french drain to divert uphill rain water running into my property to further down away from my property. There is small retention pond kind of area next to my property belonging to city which they are not managing ( There are big trees there which are close to my property about 12 feet away which may damage roof if fall towards my property but it never seems happened since 1961 touch wood). Water table is high due to these rain water drainage issues. Septic field lines failed forcing me to build elgin system in the front yard and put a motor to pump sewer water from backyard to front yard.  Tenants bit unhappy also due to these type of issues causing challenges there. PM also not that responsive making issues more bad for me.

Please advise