Need Advice on Selling Rental Property

[Jewel Coleman]

I bought my first rental property last year then accepted a job offer out of state. It has become overwhelming maintaining a rental property out of state when it comes to finding quality people to work for me. The house was work $61,000 before repairs and I put about $30K in to renovations getting a new roof, new floors, electrical, etc. The house has a tenant renting for $750.00 who has already renewed for another year. I would like to sale the home now, however the neighborhood has not appreciated very much to get a great ROI. Any advice on how to sale the home a decent price point?

[Dan Travieso]

Why sell? Get a good property manager who will put in good quality tenants. Even if all you do is break even every month atleast the mortgage will be getting paid down.