We're trying to decide whether to hang onto it, become landlords and use the equity to purchase our next place or just sell, take the profit and focus on purchasing another fixer-upper in an area we foresee appreciation.

For instance, Investing in Phoenix is very profitable right now as is other parts of the country.

If an investor is a limited partner, they must understand that the gross profits will be diluted by the compensation that’s paid to the manager and should have an understanding of how much of the deal’s profits they will receive if the deal is successful.

That gets expensive and cuts into profits.  

Especially at the lower end of the market with rents in the $400-600 range, a PM is going to lose money at 8%, maybe break even at 10% and their profit is going to come in that 10-15% range.

With the case from that article, it seems to me the developer is just taking some profit by letting go of the retail space and focusing on the office space. 

If you really want to gamble your risks would be lower at the race track.

I am getting minimal cash flow and would like to put profits from selling toward a better cash flowing property such as a duplex.

If you are looking OOS, I would suggest looking for a market first then find a good Turnkey company is that market.Try looking at:The Best Types of Markets for Profitable Turnkey PropertiesandWhat to Ask When Working With a Turnkey Provider

Buyer(it has to be a good cash flowing property for a landlord or a good profit for a flipper, otherwise ITS NOT A DEAL)3.