Keeping a Property VS Selling.

[Joseph Poluch]

Hey everyone, 

So I bought a new house over a year ago and instead of selling my first property I turned it into a rental. Now, unfortunately knowing what I know now and keeping a portion of the cash flow for Cap expense, Vac, Repairs- Im only Cash flowing $150. I did not buy the house with the intent to rent so i purchases it at retail and over the 4 years I lived there I put about $15k into it. the house is about 120 years old and will need and entire interior face lift in 1-2 years.  stable tenants for the past 2 years.  

My new house is an hour away and an up and coming area of town that I would like to invest in but don't have a capital to do so in that area and finding an investor has proven to be difficult. 

Would like to hear some folks views or maybe options I haven't thought of. Is it worth selling right now and sitting on the sidelines for something in my new area to come up or is it best to hold onto and hope the market stays high for years.