You might consider cutting your losses and selling it, or investigate STR options.

There may be several options for remediation depending on the state and applicable regulatory context.

otherwise i agree with the others - 50K just isn't enough...Hi Nicholas I’m starting to rethink my strategy and what would be the best option to get my foot in the door.

You can read my previous forum post to explore my journey. 

You have all brought up some great concerns regarding depreciation recapture and tax free gains vs tax deferrals, I think I need to zoom out and look at the bigger picture when comparing all options.

@Caleb Kim  isn't 3 boilers a bit of a pricey option? 

If this trend is likely to continue, it might be financially straining to keep the property, especially if you need to invest more in renovations.Financing Options for Renovations: If you decide to renovate, consider how you'll finance these renovations.

Sounds like a good plan - from a financing perspective, its a good idea to start researching now - for better or for worse, a lot of lenders view 1st time investors without a primary residence with a owner-occupied mortgage as a flag and might limit some options

Sacramento is a great option if you want to stay in California, or choose another cashflow positive market.

Unfortunately, we found out that we could not use this option since the property used window units for A/C which was not accepted for FHA financing.