Any advice on sell vs hold or other recommendations to consider are greatly appreciated.

These forums are a great place to learn and connect with fellow investors.I’m an investor based out of Columbus, OH.

I used the values from the realtor.com website for purchase information and expenses, and the bank of america calculator to estimate closing costs.

We manage almost 700 doors in Metro Detroit market, 92 are S8, so we are very familiar with the program.We've got some great S8 tenants, but also some not-so-great ones that abuse the program.PM us if you'd like to discuss the reality of using S8 effectively...

What a great town.Check out - https://www.cityhs.net/1265/Short-term-Rental-InformationShould have some rules and regs for you to peruse.I will say that lakefront is often restricted or banned for STRs there.

In my 18+ years as a Banker I have seen over 90% of my CA investors either move or continue to buy outside of the state.States like FL, IN, OH, TN, TX, AZ, NV all offer great LTR and STR options to capture a solid cash flowing property under $300K.

It’s a great situation, but rather complicated and hoping for some guidance. 

However, in my market, realtors often ask for an offer before providing basic information like the age of the CAPEX items, including the roof. 

Thank you all for the information. 

I have a great management team ready to come in and operate this place the way it should be.