Sell or keep out of state rentals? MI and NC. THanks!

[Terry N.]

I own two rentals, one in Grand Rapids, MI and one in Raleigh, NC, but live in NY.  The GR home is a 1920's home valued at approx. $130k,  I owe $100K.  Lease is $1,100 a month.   I make about $100 a month.  Lease expires March 31.  Due for an upgraded HVAC and roof within a couple of years.  Could probably raise rent to make $200 a month.  Good neighborhood is starting to see prop values rise.  Its possible that it could be paid off in 6 to 7 years.  At that time it might go up $10k (or may drop $50K, it IS Michigan after all). The Raleigh home is an early 70s with good mechanicals new windows and roof.  Approx value of $270K  I owe $220K.  Rent is $1,500 but I break even on payment.  That rent for the area is maxed out.  They are paying down the mortgage but unless I refi theres no margin.  This area however is a hotspot that is appreciating rapidly.  Could be upwards of $300k in 5 yrs.  Wondering if I should hold or sell?  Thanks for any advice you may offer.   I really appreciate this community!