please evaluate this investment
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I know the philosophy for many is you absolutely must have positive cash flow for it to make sense, but what if you had a rental in the negative ($300 after all expenses...it is an interest only loan too by the way) in Las Vegas ....you know you could do better but don't have the time to find another rental right now?
My tenants are leaving and I must decide if I should sell or rent it again...I do not have to pay capital gains because I lived in it for two years therefore I could put the proceeds if I sold it into something else just for short term that I don't have to think about like a safer stock
sell or hold? thanks in advance :)
