Selling seems obvious...

[Eric Ireland]

It seems like an obvious decision, but thought I'd throw it out there to you guys and gals for opinions.

I purchased a house here in southern California in 2010 as my primary residence and it became a rental a year later due to relocation. I currently lose about $350 month on it and have been since it became a rental. The market here has spiked considerably and will continue rising into the summer. I can walk away with about $100k in profit from it and I do feel the neighborhood is getting maxed out.

Is there any reason to keep it? I would be taking the proceeds and investing them into a couple buy and holds out of state in a much more favorable cash flow market.