I always recommend to make even a little passive income from a rental after all your expenses, lets be honest you put a lot of effort into this rehab so you should reap a little return.

In rental income it break even with selling instead?  

I guess they have more land to build there so it might reduce the appreciation there?

After selling one and using a 1031 exchange to buy a fourplex in Chicago, he reduced his interest burden by 20% while boosting his net incomes by $1,500 per month.

Learnt lesson not to fully depend on property manager and should have made decision faster by reducing rent .

In reality, the insurance payout reduces the adjusted basis.

It also offers a chance to shift into something more passive, reducing the hands-on management that seems to be more of a hassle now that you’ve moved.That said, the rental income potential from your properties is worth noting, but there’s a limit to how much you can boost your cash flow, especially after already making significant upgrades.

Purchase price: $715,000 Cash invested: $297,000 Current Price: $830,000 (originally $950,000 on 4/13/2024, reduced by $120,000 in 6 months).

Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.

3) Average income was up 4.5% in 2024.