To Sell or Not to Sell

[Layne T.]

Curious as to opinions on this situation, there may not be a 'right' answer but sometimes others' thoughts help open up new ways of thinking.

-Own a rental in Miami/Ft. Laud area
-Cash flow is minimal, $300 a month
-Selling now would allow opening up of equity to redeploy in another market with over 2x the cash flow for a new build
-New market won't appreciate as much as FL though (not even close)
-Current home will likely get hit with higher taxes, insurance etc. in coming year and years to come
-Biggest reason to consider just keeping current property? FL appreciation - property is still fairly newish and don't want to miss out on potentially solid capital appreciation in next 5-10 years - assuming that happens
-Other caveat is ability to sell in coming few months without paying any capital gains taxes, which will not always be the case

There is no crystal ball, Appreciation is/was the goal but who knows if that will happen and at what rate realistically with increasing costs of ownership here. What else would you consider before making this keep/sell decision?

Thanks - 

[Joe Villeneuve]

You do realize you answered your own question, right.