I just bought my first investment property (duplex - one rented, one free) and had a few questions.

Feel free to direct message me if you’re interested.

She hadn't used it but liked that it was free and synced with Quickbooks.

I'm currently scaling up my search for properties, so if you pass on it, feel free to have your agent send it my way. 

Market Cycles Matter More Than You Think: Everyone talks about location, location, location, but understanding market cycles can make or break your investment.

So if they’re charging about $200 with the faucet and labor it doesn’t really matter how they break it down. 

Lots of options feel free to shoot me a message. 

The current interest rates are more the norm and what we saw for the last 10 years was 'free' money due to the low interest rates. 

Feel free to post in this thread and I'll do my best to respond to everyone!

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!