The point is your ROE, which isn't great no matter how you cut it.

@Joshua Mellor, your Return on Equity (ROE) is only about 5%.

I had to run over, turn off the water and drain the unit while my husband ran to home depot to rent carpet blowers and dehumidifiers while I wet vacuum the water up.  6 months pregnant and waking up to that mess was awful. 

Typically NPV/IRR hits a peak around the 4-5 year mark where it usually makes sense to sell or refinance to increase your ROE.

What's your ROE?

Also though, the ROE in the rentals is getting worse and the equity is at risk from an asset protection standpoint due to any possible lawsuits. 

I think you might just break even, but return on $100k+ of equity (ROE) is going to be dismal.

Even though mail came back unclaimed, I'm wondering if anyone has been a part of a tax deed quiet title that was overturned in a similar situation. - d

Add those together and, assuming no market-based appreciation (or depreciation), you can reasonably count on a year 2 ROE of $10000 / $259,000 = 3.9%. 

@Nico Roe your return rate is PART of the decision making.