Rent with 0 net income or Sell?

[Leland S.]

My analysis shows I gain zero income on these high-end townhomes I just spent 3 years building. They are new builds so I expect repairs to be minimal, but since my GC was such garbage (and his subs) there is a risk of things going wrong. 

I am estimating a cash-out refi at 80% (unsure if the bank will do this) which will get me maximum cash back to invest in other things. I am currently at 75% LTV with the loan. Also I think their amortization is only at 20 year, however at a much lower interest rate (4.5% last I checked) which ends up being the same payment. Only difference is less cash back.

Part of me wants to hang on to the properties for equity growth, essentially just let the tenant pay for my mortgage and equity growth.

[Joe Villeneuve]

Quote from @Leland S.:

@Joe Villeneuve - possibly.. but assuming the rental market maintains strength that pays the mortgage, it isn't an issue. These properties are in a good location that should experience more demand in the next couple of years and I believe appreciation. 

 When you the words, "possibly, assuming, should,  and believe,  your speculating.