Seller financing, in its simplest form, is a note for a free an clear property that the seller carries instead of the bank.

Meet interesting people, find interesting deals, renew buildings and neighborhoods, help, develop, and enjoy the journey.Bottom line: I bring to the table new thinking, professionalism, engineering and entrepreneurial vision, professionalism and management skills.I would love to find travel companions, advise, consult, feel free to contact me I wish you to enjoy all the best in the world 💛

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!

If you would ever like to chat about investing feel free to reach out.

Currently, there are a few ways to house hack in the Denver metro area and still live for free depending on your level of comfort.1) Rent by Room - personally, my favorite strategy, you buy a large house, live in one room, and rent out the other rooms.

If your goal is to own the property free and clear, then buying it outright can make sense. 

Definitely start by learning more about STRs - how to select markets and underwrite deals is where I would start.

Now I still try to help people and provide value but I’ve been effectively giving that away for free.

It was free the first year (or not free since their poor service and my lack of understanding cost me my tenants), but I refuse to pay for them again. 

Feel free to reach out at any time and happy to share more specifics.