Sell or keep renting?

[Tyler Putrah]

I'm caught between 2 options of what to do with it and I'm interested to hear what others would do. I purchased a very mediocre condo in southern Minnesota 11 months ago with the intent to rent it out. I purchased with cash for $73k and net around $800/month after HOA, taxes, insurance, capital reserve, etc, so pretty solid cash flow. The renters moved out a bit early, so I have it for rent again at the same rate. Someone has offered to buy it for $98,000. Would you take the quick gain or keep for this level of cash flow?

[Anthony Dadlani]

@Tyler Putrah Another option would be to sell the property with seller financing and hold the note for passive long term income and let someone else manage the property. This type of scenario is usually a win/win for both the buyer and seller if the price and terms are right. 

Best of luck in all your endeavors.