You'll have to weigh weather the trade off of losing $2000/mth is worth holding out and hoping it appreciates enough that you don't lose on the sale.

Now that the cold weather has hit I've come to find out the heating system was done as a hack job that needs to completely get redone - and ASAP.  

LOW tax's great CA weather..

You are forecasting rental demand, don't look so much as to what it is today but where it will be ten years out.

Its all about YOUR risk vs. reward tolerance, and personal goals.I personally would say unless you have already amassed some equity and cash reserves sell now and go  do the same thing again then you will have $70k then again and have  $105k and so on...keep doing what you know how to do until you have enough cash reserves to get into the long term buy and hold game and can afford to weather any storm that may come along.Good luck.

I just replaced a very old 150amp service with a new 200amp panel, new meter box etc etc.Admittedly our weather-head/service drop connections were much cleaner/safer & better insulated than your mess.

I would do some forecasts considering, the negative cash flow, mortgage pay down and estimated appreciation.

Just make sure you have solid tenants and the cash reserves before you leap into your next deal, so you are able to weather any market downturns.   

Hoping you have good weather for the move.  

Escrow for a 203B can only be used for weather related repairs.