Appreciation is great, but not when all of that appreciation is eaten by the repairs you aren't doing.

Since you just starting to rent it out I would include the down payment and any major repairs you have done.

You're using a company to manage tenant phone calls/inquiries and then send in vendors for repairs.

All are profits/income tand you are still coming out ahead, even if you have to pay taxes on them. 

They offer SFRs across the country (1031 eligible) that are fully triple net lease - meaning there's no costs to the homeowner, no vacancy liability, no unexpected repairs and maintenance, NOTHING.

U invest in the fund and there is no debt ahead of you you own the debt free and clear the only risk is they buy the wrong debt and the underlying collateral does not support the investment.. which is why you go with folks that have a lot of experience in the space and now how to value the collateral.

Haha yeah this is what real estate deals usually look like for me, but awesome that you came out ahead!

Staying as liquid as possible might also help you handle CapEx, taxes, small repairs, and so on.Let me know if you have any questions—I’d love to help in any way I can!

It’s been a pain going there every day for the past 4 weeks and looking ahead to have to keep going there every day for the next 4 weeks.

Repairing to sell might recoup some costs, but given the market and your limited funds, selling “as-is” is likely the best option to minimize further losses.