You are definitely negative cash flow.Yes, I would consider selling it and moving the money to a property that performs better.

However, past performance of appreciation is not necessarily indicative of future gains due to variables within each market.

What are the top amenities in the area for the high performing STRs?

I’ve encountered managers who were fantastic in most areas but lacked in one or two key traits, and that was enough to impact the performance of the property.

However, there doesn’t seem to be (in general) a more consistent performer as to appreciation than the SFR. 

Also @Tim Phillips something to be aware of in FL, all condos older than 30 years and taller than 3 stories are required to have a "Structural Integrity Reserve Study" performed before the end of this year.

This is especially important for those looking to scale their short-term rental portfolio.Property Appreciation: As short-term rentals continue to perform well, properties in popular neighborhoods are seeing strong appreciation.

Also, buy the properties that you would want to own the most 10 years from now...not the best year 1 cash flow performer.

They generally do not do this because either they are not aware of the changes or the loan is seasoned and performing so they are deliberately turning a blind eye.

You can pursue a judgement against the property owner for non performance under the loan agreement terms which would come up on a title report when they go to sell or refinance the property since a judgment search would be completed against the seller but that takes time and money.