The buyer was happy that I recovered her money in full that she wasn't even mad about losing the deal.  

If you reduce to $2,300 and are able to fill the property faster, yes, you are "losing" $100 per month, but even at that rate, it would take two whole years to equal the loss of the $2,400 vacancy month.

Communicating timelines and expectations upfront can help prevent losing good prospects to other properties.I'd say it's a potential red flag if they want to sign the lease without viewing it.

It's no wonder they ditched the master lease structure - easy to see now how they were losing money on it. 

DM me so I don't lose you, we are not based there (CO-based until probably 2033)

You may recoup the money, but there's also a good chance you'll lose some.

Removing the carport will cause property to lose value tooFinancing an ADU can also be expensive and tougher to find.

@Ella Marie the Pro's are you can build long term wealth, the Cons are you can lose money if you cannot properly quantify risk.

I'd sell because you are reaching the time when you lose the cap gains exemption and that $24K would take over 2 years of renting to get back.I had a condo that I owned for a long time and I sold it despite it being paid off and having long term tenants. 

Overpricing will likely lead to longer vacancies and lost income.Respond QuicklyTenants have more choices than ever, and properties that don’t respond to inquiries promptly may lose out.