I would keep the property, take the extra cash flow & invest in more rentals/real estate strategies. maybe start another business. never sell the house unless i absolutely have to. 

I read the business news to find out about new developments.

Some tenants will shape up if they see the new owner means business (paying rent on time, etc.), so it's important to enforce rental agreements when you take over. 

I would consider the business uses of your home, the basement apartment is considered a rental property if you rent it out.

So far, I've managed to build a really good team to support my business from agents and contractors to wholesalers and lenders.

I have access to others of like mind that can help me put syndicates together to purchase larger apartments.Outside of real estate, I'm busy as a CFO to a large dental practice that my husband owns that brings in capital for us to invest in RE... and I love taking care of my girls that are 16, 13, and 9 and teaching them all about passive income investing via RE.

@Ashni Modi here's just a few of the major investments happening in Detroit$2.5B New Center by Henry Ford Health, Pistons owner and Michigan State Universityhttps://www.clickondetroit.com/news/local/2023/02/08/incredible-investment-in-our-city-25b-detroit-neighborhood-redevelopment-to-begin-in-2024/$1.5B Investment, 12,000 temp jobs, 6,000 New Jobs: District Detroit Developmenthttps://www.detroitnews.com/story/business/2022/11/15/district-detroit-1-5b-development-to-include-housing-retail-hotels/69649853007/$1.4B Total as Hotel Added to Hudson Sitehttps://www.detroitnews.com/story/business/2023/11/02/hudsons-site-hotel-plans-move-ahead-as-city-issues-permit/71426631007/$439M Gilbert Foundation investment in Detroithttps://www.henryfordmsu.org/news/september-2023/gilbert-family-foundation-announces-nick-gilbert-neurofibromatosis-research-institute

My business partner spent over six months negotiating with the seller and we ultimately purchased at a 20% reduction from asking price.

In some states, a real estate license is required to originate private money business purpose loans.

Cash flow is king in business!