Profitable or a loss?

How will you fund the improvements and vacancy loss?

The consequences of the tax sale (loss of liens) continue.3.   

Please don't do what many do, which is trying to avoid losing money by selling now only to have a bigger loss later.

@David Shirts only reason to hold onto this condo is if your appreciation outpaces the cashflow loss. 

I love the millionaire next door vision or plan for the podcast. 

This may decrease the amount of dues owed per unit, but also creates major issues when there is a hail storm or other loss that effects the exterior and shared spaces of the property. 

It sounds like you’re in a solid starting position with your first rental and a clear vision of where you want to go.

If you have rental losses and you're a qualified real estate professional, those losses can offset the income from property management.

I would carefully consider my long-term goals, especially if you're thinking about investing out of state.It's essential to have a clear vision of where you want to be in the next 5, 10, and even 20 years.