The technique you describe is a terrible choice!

It's a powerful way to build wealth through real estate.

Does the guideline for a monthly rent between 0.8% and 1.1% of the property's value include power, water, gas etc.?

So I have all the same tools BUT I also have what they don't, boot's on the ground AND HUMAN BRAIN POWER.   

the answer i'm giving is based on the assumption that you do not want to / can not float the negative cashflow any longer. and note: even if appreciation / debt paydown / tax benefits strongly outweighed the negative cashflow, most investors wouldn't want to / couldn't float that. so that said, i say SELL. you have just over a million dollars in equity (minus transactional costs when you sell), and you could do a 1031 exchange into a ~4 million dollar CASHFLOWING property. i invest long distance into value-add multifamily on the west side of chicago. gearing up for my next deal right now. in that price range you could easily get a value-add multifamily with potential to cashflow 15k/mo+++ (up to 40k/mo) once it reaches its full potential. it sounds like you're in markets that are probably strong for appreciation and weak for cashflow (with the long term rental strategy). if cashflow is your goal, 1031 into value-add multifamily in a higher-cashflow area. don't let having to pay commissions during the sale stop you. you're already losing so much annually; you have to stop the bleeding at some point. also note that right now, with the way these two properties are losing money, that might negatively affect your borrowing power when you go to buy the family home. feel free to dm me if i can help in any way!

It is that powerful of strategy that speeds up your time towards financial independence much faster than any other strategy!

Disputes are left unresolved in most cases they just hope the investor figures it out, and the rehab teams seem to hold all the power, despite being contracted for your business with a $15K onboarding fee. 

Married Millennial couple would have ebough buying power/DTI in sizeable market with price range between 300-600k.

This could include offering special discounts to guests at nearby restaurants (easy to execute with a QR Code), collaborating with a spa for guest packages, or sponsoring events that cater to your target demographic.Finally, don't underestimate the power of local art for retaining guests. 

As @Chris Seveney said, this game has many facets....and appreciation is one of the most powerful.