If the continuing maintenance and repairs are more than you can afford and make the property cash-flow negative, I would sell and hope that the repairs I made and the appreciation would earn me some profit.

When we look at zoning and we see the density available, it starts to open up new possibilities for creating housing that is somewhat affordable and also building low cost units for example a second story edition could cost as little as $180-$200,000.

@Anthony ZottoThe election's impact on small multifamily real estate will depend on the balance between policies supporting housing affordability and broader economic changes affecting investor costs.

I can afford taking a loss on it in the short term, but am looking to refinance the property in the next 5 years when interest come down, however im at 5% rn so i would have to get closer to 3% for the cash flow to be better.

Occupancy has remained strong and PadSplit is hitting new booking records regularly.Here are some articles to review in the meantime:1. https://www.padsplit.com/host-resources/news/how-affordable-...2. https://www.padsplit.com/host-resources/news/why-padsplit-is...

If so you should have a somewhat good understanding of what neighborhoods do and don’t have potential, start with the best neighborhood you can afford find the worst property in that neighborhood, that way you know you’re buying in a place where the economy is at least relatively stable and appreciation will be more likely!

It would most likely come down to price and what you can afford. 

Lesson I learned was finding a good tenant and getting the prospective tenants fully vetted with their income and debt to make sure they can afford my rent.

@Mad Dendukuri easy solution - tell the tenant you can't afford to do flooring AND put them up somewhere, so deal is off.Either they will be reasonable or show themselves to be greedy and someone you should get rid of.

Is it the lack of state income tax, affordability, or something else?