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!

When you mentioned selling and other investors being involved.

We need the cash to mostly just tie us over untill we sell the property, so 150,000 is on the upper end; 80,000 and above would probably be sufficient. 

Seller dropped price by $30k BUT similar house across the street is selling for $12k less and in less disrepair.

Darrius  Local PM here - happy to help, we have multiple developments that are gearing up to sell in the next 6 months, few small multis and townhouses.

The agent usually get insurance from said once they fix the roof then I can sell you insurance.

This could allow you to use the full amount for purchasing real estate without needing to sell your stocks outright and incurring significant tax implications.

They want to sell the property for $699,000.

Even with having made improvements, anyone selling now who purchased in 2022 should be expecting a loss.

I told her no and then she told me to sell my crypto, sell my stocks, apply for credit cards and offered me financing.