I'd keep this property and casually search for a replacement- when something looks interesting you could always consider a 1031. 

But, good intentions isn't a replacement for actual experience.  

appliances are usually easier to replace.  

I think it depends on 1) what kind of profit/loss you’d make if you sold it and 2) whether fixing repairs and replace the siding would increase the next tenant’s rentI hope that helps some!

I don't aggressively increase rents if a tenant's current rent is within the turn cost / 12.For example, if you need to replace flooring, paint, and fix up a few things... your turn cost might be $5-7k

If it takes you two months to find a replacement renter, then the original tenant must pay you two months of rent.

It would take you approximately 11 years (not factoring in rent appreciation) plus that doesn't factor all the systems you mentioned that need replacement.

Hi everyone, we are thinking of charging a monthly maintenance fee to cover our semiannual preventative maintenance inspections (where we check for leaks, clean the AC unit, replace the furnace filter, etc.) and also a once a year gutter cleaning. 

The wet insulation will also need to be replaced.

I’ve spent $51k so far in the last 65 days on property repairs and replacement.