Rent doesnt make mortgage in california, should i sell or hold?

[John Simerson]

Hi, im in San Diego California I have 2 properties one property that rents for $280 less than my mortgage and the other that rents for $800 less than my mortgage. Both have a pmi i could wash away probably in a year. I see in california the equity each year is a good amount PROPERTY 1 gained $23k in equity and property 2 gained about $30k all in 1 year so my question is is it a smart thing to hold and pay the little differences in rent vs. mortgage and bank on the equity 15 years down the road? Or should i wipe my hands clean with them and take a loss of about $30k in closing cost from purchasing about a year ago and get $70k net cash after all is said and done . My family member has become sick and we have to relocate to help them and this is kind of the situation im stuck any experience, recommendation or opinion is greatly appreciated thank you so much.