@Pete Mathias okay well best of luck to you and your endeavors.

I really enjoy helping others buy, sell and invest.

I was referred to this website from a friend I met here and I have truly been enjoying learning through all of the free material, articles, and blog posts.

Sell it now, net gain about $40-$60K after taxes, commissions, listing price, etcTo properly and adequately answer this question, one would need to know your strategy and goals.Strategy A is based on cash flow to support living expenses.Strategy B is long term wealth building - appreciation (market and forced) combined with principle pay down, depreciation, etc.If you strategy is A, then you should sell as this will not turn out positive for several years down the road (unless you utilize some sort of house hack play, vacation rental to increase income, or any combo of increasing income and reducing operating expenses - which by the way you skipped a lot of those in your analysis so your negative monthly cash flow is actually greater than you explained.)If your strategy is B, then by all means keep it and enjoy the likely future appreciation, amortization and depreciation deductions to offset your actual loss each month until the unit goes cash flow positive.

@Edwin G Cruz JrHey Edwin Good luck with your future endeavor.

Does COVID pandemic allow me an extension to sell the home later in the year and still enjoy the tax benefit?

@Julissa PerezIf you have the time and you enjoy learning about rules,it is not too hard to learn the rules when you are dealing with a single property.If you have no interest in doing it, I know an accountant in CT who works with real estate investors his name is Ted Lanzaro.

Good luck with your endeavors on here!

I enjoy your FB group!

Unlike common misconceptions, passive investors are not laying by the beach, drinking margaritas, and enjoying the sun.