Negative Cash Flow with Cash Out

[Lindsey Ceane]

Hello All,

I have a duplex that is paid off and purchased when I wasn't familiar with crunching all of the necessary numbers from the start (i.e. Cap Ex., vacancy rates, etc.). When I evaluate this property and consider financing and cashing out, it would put me at a negative cash flow of approximately $200 per month. Given the current market, should I sell or continue to gain the benefits as it is paid in full? I feel as though I made a mistake from the beginning, which is beyond frustrating.... What are your thoughts?