Feel free to use me as a resource for any loan-related questions. 

If you have any lending related questions, always feel free to use me as a resource!

Feel free to DM me directly on BiggerPockets or even reach out at the number in the signature below - I respond to all texts & calls. 

But there could always be situations where a hold of less than or more than a year is needed so you can demonstrate your intent.Once you feel that you can demonstrate that intent you can then 1031 that property and you can exchange it into any other type of investment real estate. 

feel free to send a PM.  

It seem to always be someone new and I guess they see a thread they feel like they can join in on not seeing the date.  

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Feel free to send me a DM or give me a call

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 feel I do need a mentor and or an accountability coach to help me through the beginning stages of my real estate journey.