Currently, we are leasing the property, generating a net profit of $380 per month and living in Missouri.We are contemplating the decision to sell this property and potentially gain $239-278K payment to buy additional investment properties in Missouri given the rising rental rates in the area, we anticipate increasing our rent and potentially securing a net monthly profit of $780 (annual$9,360).While we acknowledge a monthly profit, our concern stems from the apprehension that the property might not fetch as high a price in the next five years or that our HOA fees and taxes could escalate.Given this situation, what course of action would you recommend?

The prices are nuts and the payment is so high. 

Greenville, SC.The major boom here is over, but the population of our small city is still growing, and I think home prices in certain areas on the edge of the most gentrified downtown neighborhoods will still rise moderately over the next 5 years.

Yet, interest payment on mortgage offsets the rental income (I don't want to pay income tax on rent), and there is a chance of refi later.

The contenders and pretenders are set to be revealed.What changes are you making to increase operational efficiency and/or cut expenses? 

If you're BRRRRing this property your 150k loan payment is going to be around $1,000 on top of the taxes and insurance.

Limited Service and Full Service Options.I am always looking for more of an edge over competition but that is what tends to work for me during the sales process. 

Completely renovate the kitchen, 2 small size bathrooms, floors all over, "freshen up the windows" (windows were pretty old but contractor said we might not need to change them), cut off tree branches on top of the roof, add a walkway in the front.

Collect lien waivers (especially if the payments are passing through an intermediary GC).5.

In the 1st scenario you need to come up with say $60K in down payment and your monthly payments would be $1600/month.