Hi Randall-Congratulations on buying a rental property well back in 2020.I am sorry to hear the property is now cashflow negative $200 a month.Your question is should you sell or continue to keep it with the negative cashflow.Depends on your personal goals and if being negative $200 a month plus any unexpected repairs or vacancies is affordable to you, but if you can solve the negative cashflow by turning the property into a furnished mid-term rental, for example, your future self may thank you.To Your Success!

Cash from a self directed IRA How did you add value to the deal?

Yes, 401(k) plans, IRAs, SEP-IRAs and all other kinds of retirement plans are still the backbone of your wealth accumulation, especially if they are self-directed.

Way to go @Glenn McCrorey , I went in the same position as you 12 years ago, when I started my full time real estate investment. 400 properties later, i am still going strong.

I found my self with a million dollar startup with no money and realized my success was contingent on companies hiring me or people investing in me.

@Erik EstradaThe crazy part was that when I had spoken with the Self Directed IRA custodian, Equity Trust Company, they had given me a list of lenders clients had previously used.

Over the past 6 months I have been really researching and devoting myself to self improvement and learning.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Self-managing isn't for everyone, and I respect that it worked better for you.

Solution: You are not going to like what I am going to say here, but it really comes down to your self-discipline, which is why this is probably the hardest aspect of achieving your goals.