You need to:  A) Know thyself  B) Develop an understanding of what REIT's are and factors that effect their pricing  C) Develop an understanding of where you're going to invest if you buy physical propertyFor this comment Ill be talking about publicly traded REIT's as they're available to everyone through a brokerage account.

That lost income cost factors in. 

Factor in the tax benefits. 

Factoring in my gains even if I get a little more rent $1,600-1,650/mo I’m leaning towards selling but Tampa area has done great past few years so it’s harder to find good deals.Steve

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

I own a farm as a primary residence in norwood, ontario that my wife and I are hoping will be our forever home.

This will be a major factor in deciding which flag to go with.Marriott and Hilton are the darlings of institutional capital and are easier to finance but they are expensive in terms of franchise fees, royalties etc.

Yes taxes are egregious thats for sure but when factored into the proformas, deals still pencil out consistently with ludarcis numbers.

Make sure you take all of these factors into consideration.  

Your kids get to start depreciation over again at new home value and never have to pay your depreciation from before and can’t 1031 forever, and so on).If you sell your rental at a loss then you can apply a portion against what you owe, but like everything there are nuances.