It depends on what market - the midwest markets out here like Øhio have cash flow positive deals on the market.

Instead, focus on verified income and ensure applicants don’t owe previous landlords or have prior evictions.

Whether it makes to sell the rental or keep it depends on your answers to these questions. the property is producing around $855 after property management fee, I have the same tenant for almost 3 years That's a little over $10k/year in cash flow, which is very strong yield for the price.

They have everything from supplies to decor items depending on what you need to stock. 

@Jordan Hamilton it’s a lot of information to type out here to be honest and depends on one’s situation.

Please reach out if you are a lender or can connect me.5 Bed 2 Full Bath & 2 Half BathExisting Mortgage ~$550,000Home Value ~$1.1+ Mil Depending on the STR income generated from this property, you could do up to 75% LTV on a cash out refinance.

Before finalizing a decision to sell, I thought I’d get some thoughts from the BP forumThe only obvious factor I know to try to head off a problem is to carefully screen applicants.

When they realized that it was held in an LLC they denied my application.

I've got a long term tenant lined up & the unit is a non smoking unit, which the applicant is aware & fine with for indoor.

The LTR passive losses are reported on Schedule E and are not applicable to W2 income as I am not a real estate professional and earned above a certain threshold.