Rental Property money pit

[Carolyn W.]

Dear Bigger Pockets community:

I was wondering if you could share your thoughts on my current situation.

The first rental property I bought last year has definitely been a learning experience on home repair and maintenance.

Purchase price: $59K, April 2015, Actual Monthly Rent $995 to $1050, Current ARV: $86K Zillow and Redfin Money spent:  May 2015: $12K bath & kitchen & floors improvement June 2015: $4100 new sewer pipe (June 2015) July 2017: $6700 New Air conditioner & blow in attic insulation (furnace okay) $22,800 for major capital improvements
Upcoming maintenance items: $1700 for pruning large trees, $720 to repair hole in roof from fallen tree branch.
Property has galvanized piping which my home inspector failed to warn me that eventually this will need to be replaced. The monthly cash flow for the next 17 months will be paying off the new AC. Since purchase, all cash flow has gone to other repairs not listed above.  Your thoughts?  I'm thinking sell as owner finance.