Considering the above, flipping can be seen as more of a job with less strings attached, whereas buy and hold is a traditional long-term plan.

There is room for storage in the attached garage and plenty of privacy in the fully-fenced backyard with a concrete patio.

It nets us about $10k a year but has over $300k in equity tied up in it (value is about $650k, owe about $350k)We can sell it now and pull out about $160k from our equity without capital gains taxes, and use the remaining $140k in a 1031 exchange.I'm sentimentally attached to the house, it's walking distance for easy management, and we have great tenants.

@Ashish Acharya@Ashish AcharyaI apologize, I may have been using the wrong terminology, but yes, I meant just doing an ordinary exchange that does not have a mortgage attached.

I have attached a calculator I just ran for an Orlando property. 

it posted upside down.. but there is a link to open up a so called CD.. and the title is from a law firm.. but the e mail is from the UK.careful out there folks630Escrow OfficerBarbie Alfonso Sincerely,Attached is the initial Closing Disclosure ("CD") for your review and acknowledgement.

I have attached the warranty deed see if anyone can "decode" it.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello all,Attached is a loan calc I just ran for another property in Charlotte. 

I attached the result here.

It appears you have a emotional attachment to this property....major mistake.