Sell it now and take the L. 

Again, see question #1.Selling as-is means selling it cheap, no hassle, quick sale.

They do not take into consideration the revenue from the STR business as part of the selling price.So if comps say the duplex is worth 500k, then it is worth 500k.

It is slowly rotting and needs significant repairs to get it prepared to sell to a typical home buyer for a primary residence.

The house, if listed to sell, would likely be in the $320k range.

I had a converstion with a mentor a while back, and He thought I should sell one of my rentals (I have two, both fully paid off) and then pursue passive investing.

Right now there're some agents trying to sell me the new build homes, but I've run the number, with the current interest rate it's really hard to get a breakeven cashflow in 5 years. 

Not going to kill it on the rental income, but if you sell it subject to, there is a lot of equity.

And selling real estate is usually easier than selling a business.

Hi Randall-Congratulations on buying a rental property well back in 2020.I am sorry to hear the property is now cashflow negative $200 a month.Your question is should you sell or continue to keep it with the negative cashflow.Depends on your personal goals and if being negative $200 a month plus any unexpected repairs or vacancies is affordable to you, but if you can solve the negative cashflow by turning the property into a furnished mid-term rental, for example, your future self may thank you.To Your Success!