would you sell or hold on?

[Aaron Hollingshead]

I have 6 doors in New Mexico that net me around 1800 each month in rental income.  They are in an area where I don't expect to see much appreciation, but they do kick me off descent income each month.  

My 7th property is in Portland, Oregon.  On this one, I'm losing approximately 600 each month.  So all in all, I'm taking in around 1200 each month after the NM gains are offset by my OR loss.  If I were to sell the house in Oregon, I'd walk away with around 115,000 and could 1031 exchange into a quad in New Mexico or something like that which would bump my monthly income to more like 3,000.  

My rationale when I bought the Portland house was that I'm from Portland and I was afraid that if I didn't buy something I'd eventually just be priced out of my home city.  That's the main reason I am still considering keeping it is that worry.  I guess the other thing is that when I purchased it, I sort of drew a parallel to stocks - my Portland house was like a growth stock/hoping for appreciation whereas my New Mexico houses are like dividend stocks/income producers.  

What would you do?  Am I crazy to hold onto it or should I just keep it?