I'd offer them a discount off of ARV because you would not need an agent and you would have zero unrented holding costs.Reasons to keep: - If you might ever want to live in that house again - Because you will pay significant capital gains - If you have friends / family in the area and want to be able to travel there as a business expense - With interest rates rising, it may be harder to sell in February or there may be more pricing pressureReasons to sell:- $200/mo on $300K in equity is a terrible return.  

Home warranties are a terrible idea for a rental property.

Virtually everything is easier when local but this is never more true than when things are going terrible.  

had a terrible experience with a guy named ernie inzunza (works at Pancho's upholstery). anyways, i met a guy named glen who would eventually stay in one of my units (I live in cali) and help me transform my 4 unit complex. it had fallen out of escrow twice but finally sold at a price that i never thought id get. glen added about $60K worth of value for less than $15k. i paid him next to nothing and he was able to bring this property to life. $15k may seem like a fair price, but that's $15K for 5.5 months of working EVERY DAY (yes, that's how much work these units needed).

had a terrible experience with a guy named ernie inzunza (works at Pancho's upholstery). anyways, i met a guy named glen who would eventually stay in one of my units (I live in cali) and help me transform my 4 unit complex. it had fallen out of escrow twice but finally sold at a price that i never thought id get. glen added about $60K worth of value for less than $15k. i paid him next to nothing and he was able to bring this property to life. $15k may seem like a fair price, but that's $15K for 5.5 months of working EVERY DAY (yes, that's how much work these units needed).

Which isn't terrible because you can just 1031 exchange the profits into another BRRR.

I could see the idea behind someone telling you that it's a terrible idea but at the end of the day it's what makes the most sense for you.

@Brandon Quinones - this sounds terrible, you have to change!

Is this a terrible idea all together?!

Purchase price: $250,000 Cash invested: $28,000This property came off the MLS (Jan 2022), and is in a very desirable part of town, but had inherited tenants who were a pain and dissuaded most people from even looking at the house (they wouldn't let the listing agents take pictures of most of the home, so listing was terrible, etc).