A 4 plex  is for sale with a cap of 6%.

Outright sale: Cash buyers, because the price point is lower this is very common.4.

the answer i'm giving is based on the assumption that you do not want to / can not float the negative cashflow any longer. and note: even if appreciation / debt paydown / tax benefits strongly outweighed the negative cashflow, most investors wouldn't want to / couldn't float that. so that said, i say SELL. you have just over a million dollars in equity (minus transactional costs when you sell), and you could do a 1031 exchange into a ~4 million dollar CASHFLOWING property. i invest long distance into value-add multifamily on the west side of chicago. gearing up for my next deal right now. in that price range you could easily get a value-add multifamily with potential to cashflow 15k/mo+++ (up to 40k/mo) once it reaches its full potential. it sounds like you're in markets that are probably strong for appreciation and weak for cashflow (with the long term rental strategy). if cashflow is your goal, 1031 into value-add multifamily in a higher-cashflow area. don't let having to pay commissions during the sale stop you. you're already losing so much annually; you have to stop the bleeding at some point. also note that right now, with the way these two properties are losing money, that might negatively affect your borrowing power when you go to buy the family home. feel free to dm me if i can help in any way!

I picked a random house for sale in Salem, near the lake, but tweaked the # of bedrooms and guests.

The property is listed for $199k, however after pulling the comps and the fact that home just listed for sale (2 days ago) for $20k less than my seller!

There are simply far more people currently looking for a home right now then there are homes for sale on the market.

We manage pipeline and portfolio properties, from first analysis to funding to sale or management.

@Pyrrha Rivers@Dan BakerSmall English school in Ikebukuro for sale!

Purchased various sheriff auctions, short sale, and just low balling.

I grew up in CA and decided to move and invest in Reno, NV because of it's proximity to CA and Lake Tahoe, job growth/population growth market dynamics, taxes do not reassess on the sale, no state income tax, much more landlord friendly, etc.