Would it be wiser to sell and take the loss now rather than continue dealing with this financial burden and uncertainty?

-Perhaps the cash flow "lining your pockets" continues for a few years.

I personally recommend checking Columbus OH - lots of job growth, population growth, and major companies moving and developing here.

You can eventually move out and buy another property and continue to hold the property as a rental. 3.

We hear from a lot of out of state investors that Milwaukee is a great place to invest in real estate due to its affordability and strong economic growth. 

Stay striving and continue to stay curious!

The supply and demand are pretty balanced.Most of our growth over the past 5 years is from in-migration from more expensive states.

@Victor Yang I am not a CPA but you cannot take passive losses (real estate activities) to offset active income (W2) unless you make under a certain threshold from your W2 (I don't recall the exact salary).That being said if it is turnkey and you can't value add to create rent growth then probably not worth it at the price

Honestly I have loved it and we are working to continue to growing.

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.